Damus
Judith profile picture
Judith
@Judith
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
1
David Chisnall (*Now with 50% more sarcasm!*) · 10w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq382t8nd6rz4hfh5kll36anxwk6z5we3nsv3tydyuczg8cyhegmnqrxnmjh I am not an accountant, but I have had something similar: They count as foreign dividend income. There are a couple of thresholds for reporting and, if they're above a certain limit ...