RE: RE:PAF divi29 Jan 2016 16:40
Further to my previous post, and following the RNS of 19/01 re withholding tax and uk shareholders, I contacted HL again re the situation for nominee holders. I received the following reply. 'The declaration form can only be completed by the named holder of the stock, which in this case is Hargreaves Lansdown. Unfortunately due to your holding being a part of a larger pooled nominee holding we are unable to segregate individual client holdings for the purpose of claiming reduced tax rates.'
You may however be able to claim the excess tax directly from the South African tax authorities and we can provide you with a tax voucher for your dividend to support your claim.
We have no experience of dealing with the South African tax authority and cannot guarantee that your claim will be successful.
I trust this to be in order. If you have any further queries regarding this matter, please do not hesitate to contact us.
Kind regards,