UK Personal Taxation on Debt Focused ITs
Posted: December 21st, 2016, 5:50 pm
by mickeypops
Does anyone know if dividends from debt focused ITs (such as Twentyfour income) categorised as dividends or interest for income tax purposes?
Many thanks
MP
Re: UK Personal Taxation on Debt Focused ITs
Posted: December 21st, 2016, 7:09 pm
by Alaric
mickeypops wrote:Does anyone know if dividends from debt focused ITs (such as Twentyfour income) categorised as dividends or interest for income tax purposes?
I rather think "it depends". The IT's will have agreed a taxation treatment with HMRC.
VPC Speciality Lending is one that pays interest as evidenced by the tax rebates showing up in my ISA.