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Income tax on automatically reinvested dividends

Answer
Nathan Abel
Posted Tue, 17 Dec 2024 07:12:29 GMT by Nathan Abel
Hi, I wanted to double check that you have to pay income tax on dividends that are automatically reinvested or not? This is on the assumption you have used you personal allowance already and have dividends in excess of GBP 500
Answer
HMRC Admin 32 Response
Posted Fri, 27 Dec 2024 13:54:58 GMT by HMRC Admin 32 Response
Hi,
If the company automatically reinvest them then no.
If it has been your choice to do so then yes.
Thank you.

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