Tax15 May 2021 11:07
I’ve just done some research on tinternet on tax on dividends. I’ll hopefully only have around 145,000 shares in my normal account (after I’ve done the rest of my bed & isa). Assuming the dividend is £1 the CGT bill would be £15,621 if I sold the shares but £43,084 if I took the dividend. I am retired and only get £19,000 income. Therefore I think I’d have to sell them before the dividend is paid. Ps. I’m no tax expert and will probably employ an accountant for this exercise.