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pokfulam, thank you.
Hi,
Having successfully applied from Hong Kong (received payment from Swiss Tax Office in July) for calendar 2020, my broker - Interactive Brokers - supplied 2 forms for each of the 6 dividends => a Tax Voucher (which came from IB in the US effectively stating that the w/h tax was paid by IB); and a Dividend Distribution credit advice (which came from IB UK, but with a Swiss - in Zug - address). I had to pay IB for each pair of forms - CHF 10.
Matthew,
This is the message I received after my first request.
"We are able to provide you with the Tax
Vouchers for Swiss stocks, please confirm the stock name and the specific
payment dates of the Dividends you would like the vouchers for and we can
arrange for these to be sent to you."
I provided the dates and they sent the vouchers to me in the post.
@OWLS What exactly did you ask them for? The transaction history on the website just has the dividend amount I received without showing any withholding tax amount, or even if any was taken. The document history doesn't even have any dividend slips in there? Unlike EQi who I was with before this transfer! The guy I spoke to on the phone seemed to think that no withholding tax had been taken and that I wouldn't be paying any tax in an ISA. To be fair he had to ask someone else for help a couple of times and I still don't think he understood what I was asking for.
I am with them and they sent them to me in the post without charge, no problem.
Is anyone else here with Interactive Investor? I phoned them to ask for a dividend voucher of my last dividend and they couldn't understand what I was asking for? Has anyone else had to deal with them?
Thanks for the information. My first dividend was 2020, so how I understand it works, it would be best for me to put the forms in Jan 2022 and then claim for 2020 and 2021 together.
Thank you. Very helpful.
Trek
Claims process can be done only once per calendar year and will usually take several months to go through the system. So If you filed in january I wouldn't expect it till May at the latest.
It's a normal payment, but you'll only get 65% of the expected amount as the swiss withhold 35% until they know whether you've paid the required tax in your country. If it's then in an ISA then you'll be able to claim back 20% leaving 15% for the swiss. If it's in a pension then you should be able to claim back the full 35%. Opting for shares/cash is a broker thing nothing to do with what you receive in dividend from the company. It'll automatically be GBP but I think you can opt for USD from the company if I remember correctly.
Hi guys,
This share has come up on my yield filters. Was planning a dive soon.
I trade with ii does anyone know how the dividend is paid. I usually opt for cash in my ISA. Is it a straightforward payment or is their what sounds like a claims process?
TIA,
Trek
You have to claim all dividends for the same calendar year in one go, so I plan on filing in january since there's likely another dividend or two later this year. I'll then claim two years on one form. If in doubt look through the notes at the end of the form 86
If you have the shares in a pension you should be able to claim the full 35% and it'll be in a different column on the form.
Well from what I've gathered, first stage was to get dividend vouchers from HL which took about 48hrs after an email enquiry and they send me the last 2 years in one pdf document with all declarations needed.
Next step will be to convert to swiss currency on the date of receiving dividend, then I'll need to calculate 20% of gross and input all this into the form 86 which can be downloaded and input. You then print off the document 3 times, sign, and send off to the UK tax office to verify you're a resident of the UK at the dates of the dividends. Then send off two of the returned copies to the Tax office in Berne.
@Hunter
You say these forms look pretty self explanatory but there are 3 forms 86/86a/86b? (ok, form 86a looks like is it only for fund managers!) None of this is looking straight forward to me? 3 copies need to the send to the UK tax office then the claimant wlll subsequently send the first 2 copies to Berne! I'm lost at how this procedure is supposed to work?
Yea just use google £ to swiss franc easy. The snap form will tell you if you have filled the form correctly.aswell.
I'm guessing the dividend vouchers from HL will be in GBP, so will convert to CHF on due date using and online currency converter?
I have shares in an ISA, which looks pretty self explanatory as being column 7 on the form. Now to trawl through paperwork and figure out what's owed.