RE: dividend taxed?19 Jan 2020 22:42
"if the dividend payment puts you above your Individual CGT threshold for the year"
Be careful giving tax advice if you don't fully understand. Dividend tax and CGT are two completely different taxes. Dividends are treated and taxed like income (not capital) and do not count towards your CGT allowance. You do, however, get a separate £2,000 annual dividend allowance. Any dividends received over that £2,000 allowance are taxed at a rate (38.1%, 32.5% or 7.5%) determined by your marginal tax rate.
There is a somewhat bizarre scenario where a long time holder of a large quantity of ALM shares selling them after the ex-dividend date could incur a massive capital loss (lets say they bought 100,000 shares at £3 and sell at 50p, in this case £250k capital loss) but would still have to pay tax on the dividend (100,000 * 12.62p = £12,620 = £10,620 taxable assuming no other dividends received in the same tax year....). The former cannot be used to offset the latter.