I've got to fill out a UK #Tax Self Assessment for 24-25 and I've hit a snag.
This question might sound really easy, but what is "income"?
I have some shares in a foreign company (that I used to work for and were purchased under a staff stock purchase plan).
Are the dividends from those shares classed as income? They are automatically reinvested in new shares, so I won't actually have any tangible cash I can spend unless I sell the shares and the value could go down or up.
I know I need to find a tax expert, and possibly pay for their advice, but I thought I'd start with #AskFedi
#FinancialAdvice
#Shares #Dividends #Money
This question might sound really easy, but what is "income"?
I have some shares in a foreign company (that I used to work for and were purchased under a staff stock purchase plan).
Are the dividends from those shares classed as income? They are automatically reinvested in new shares, so I won't actually have any tangible cash I can spend unless I sell the shares and the value could go down or up.
I know I need to find a tax expert, and possibly pay for their advice, but I thought I'd start with #AskFedi
#FinancialAdvice
#Shares #Dividends #Money
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