Dividends Flashcards
(3 cards)
1
Q
Dividends allowance
A
500 taxed at nil rate
2
Q
Dividend rates
A
Basic rate band - 8.75%
Higher rate - 33.75%
Above higher rate - 39.35%
3
Q
Stock/Scrip Dividends
A
Tax payer may be offered a stock dividend (also called scrip dividend) where they are offered shares instead of cash. This is taxed in the normal way.
