Hi.
I have 253 British Land shares. It has just paid out £0.073 per share dividend which is £18.46
Any idea why I have only received £14.78?
Thanks
British Land - Dividend
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- Lemon Half
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Re: British Land - Dividend
It was a Property Income Distribution "PID" (as against a dividend), from which Income Tax at the basic rate of 20% is deducted before payment.Andy46 wrote:Hi.
I have 253 British Land shares. It has just paid out £0.073 per share dividend which is £18.46
Any idea why I have only received £14.78?
Thanks
If you hold in a pension, such as a SIPP, you may be able to recover the 20%.
In more detail from British Land itself http://www.britishland.com/investors/di ... and-uk-tax
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- Lemon Half
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Re: British Land - Dividend
If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.
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- Lemon Half
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Re: British Land - Dividend
Okay and non-taxpayers should be able to recover the Income Tax withheld and, for others, it is creditable against UK tax payable generally.mc2fool wrote:If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.
What I haven't checked is whether the proposed Property Income Allowance of £1,000 was to have been available to offset against income from PIDs (giving they are treated as property income).
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- 2 Lemon pips
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Re: British Land - Dividend
Hi
Thanks for the replies. That explains it.
Thanks for the replies. That explains it.
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- Lemon Half
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Re: British Land - Dividend
HL pay me the full amount into my SIPP on the day.mc2fool wrote:If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.PinkDalek wrote:If you hold in a pension, such as a SIPP, you may be able to recover the 20%.
Terry.
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- Lemon Half
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Re: British Land - Dividend
Yes, those brokers that segregate their nominee's SIPP/ISA holdings from the non-sheltered holdings are eligible to receive gross PIDs for the SIPP/ISA pool.Wizard wrote:HL pay me the full amount into my SIPP on the day.mc2fool wrote: If you hold in a SIPP or ISA your broker/platform will (should!) recover the tax withheld, and credit it to your a/c. The broad experience is that it takes 1-2 months.
Terry.
However, those that have just one nominee pool, and allocate from it to a mix of SIPP/ISA and non-sheltered client accounts, have to receive PIDs net and reclaim the tax for the SIPP/ISA clients.
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- Lemon Half
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Re: British Land - Dividend
Sounds like the separation approach is the same thing that allows full tax relief on SIPP purchases of US shares with HL. Guess scale helps there.mc2fool wrote:Yes, those brokers that segregate their nominee's SIPP/ISA holdings from the non-sheltered holdings are eligible to receive gross PIDs for the SIPP/ISA pool.Wizard wrote: HL pay me the full amount into my SIPP on the day.
Terry.
However, those that have just one nominee pool, and allocate from it to a mix of SIPP/ISA and non-sheltered client accounts, have to receive PIDs net and reclaim the tax for the SIPP/ISA clients.
Terry.