Dividends as benefits

The most frequently encountered benefit in connection with a share is the receipt of a dividend. Normal dividends are unlikely to be charged under Chapter 4 because they are chargeable to Income Tax under Chapter 3 (old Schedule F) and Chapter 4 (old Case V of Schedule D) Part 4 ITTOIA 2005. This was made clear in the ministerial statement set out below.

Ministerial statement 21 June 2005

The Paymaster General (Dawn Primarolo) made the following statement in the Standing Committee on Finance (No. 3) Bill 2005 on 21 June 2005 to clarify the scope of an amendment:

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