Box 4/5 for dividends from Investment Trusts
Posted: August 13th, 2019, 12:05 pm
Was a bit surprised to get an email from Interactive Investors saying I now have an amended Consolidated Tax Certificate (CTC) for the 2018 Tax Year available for me, and on taking a look the only substantive difference between the new one and the one they issued back in May is that occurrences of "SA100 - BOX 4" have been replaced with "SA100 - BOX 4 & 5*" and the addition of a note saying:
"*If you have received any income from Investment Trusts, they will also be in UK EQUITY DIVIDEND schedule and are named as such. Income from Investment Trusts should be reported in Box 5. All other equity payments in this schedule should be reported in Box 4."
As it happens I've already filled in my 2018/19 tax return online, but not yet submitted it, so went to check and, of course, the online form doesn't refer to boxes, but under the Dividends section there are fields for Dividends from UK companies and Other dividends, and both the text on the page and in the help (clicking the blue question mark) say the latter is for dividends from unit trusts and open-ended investment companies, with no mention at all of investment trusts. Indeed, there's no mention of ITs in the help for Dividends from UK companies either, and as ITs are UK companies I'd always put their dividends in that field.
However, while the online form and help says Other dividends is for those from UTs and OEICs, the SA150 Notes 2019, page 6, says Other dividends is for those from UTs, OEICs and ITs.
So ....................
"*If you have received any income from Investment Trusts, they will also be in UK EQUITY DIVIDEND schedule and are named as such. Income from Investment Trusts should be reported in Box 5. All other equity payments in this schedule should be reported in Box 4."
As it happens I've already filled in my 2018/19 tax return online, but not yet submitted it, so went to check and, of course, the online form doesn't refer to boxes, but under the Dividends section there are fields for Dividends from UK companies and Other dividends, and both the text on the page and in the help (clicking the blue question mark) say the latter is for dividends from unit trusts and open-ended investment companies, with no mention at all of investment trusts. Indeed, there's no mention of ITs in the help for Dividends from UK companies either, and as ITs are UK companies I'd always put their dividends in that field.
However, while the online form and help says Other dividends is for those from UTs and OEICs, the SA150 Notes 2019, page 6, says Other dividends is for those from UTs, OEICs and ITs.
So ....................