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UK tax on Dividend on US ETFs

Guest sangupt


Guest sangupt

Hi all

I recently started investing with IG, primarily in US domiciled ETFs. Having filled the W-8 I understand that any dividend I receive, 15% of that will automatically be withheld. Now if the total of the 85% I receive in a FY exceeds the allowance of £2000, do I again pay a UK tax of 32.5% on it?

Also, do IG provide a statement of the total dividend received in a FY or do I have to download it from the History?




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