Hi all,
Im hoping someone can help me as I cant find any information on oasis or revenue.ie.
I have some shares in a UK company and receive shares each year based on a dividend reinvestment policy scheme. I understand that any cash dividends I recieve are treated as income and are taxed, but how does the tax work as I am recieving shares rather than money?
Thanks
Barry
That's my understanding too. I also think that the dividends used to purchase shares through the DRIP scheme are paid net of the relevant witholding tax so you can claim a credit for this and pay the balance to your normal marginal rate of income tax.