Quick question.
If I buy an EU based stock, (German) that pays dividends, inside a UK ISA , are there any taxes or charges deducted from said dividend?
Im thinking something similar to the US 15% witholding tax for US stocks.
Thanks for reading
Quick question.
If I buy an EU based stock, (German) that pays dividends, inside a UK ISA , are there any taxes or charges deducted from said dividend?
Im thinking something similar to the US 15% witholding tax for US stocks.
Thanks for reading
Yeah, there will with holding tax on EU dividends which will differ from county to country.
I think Germany has a withholding tax rate of 25%, with an additional surcharge tax (making it essentially 26.375%)
Think thats expensive enough to put me off
Thanks for the information
Yes, that’s pretty much why I’ve stuck to UK stocks. I would love to invest in Swedish companies and the like, but 30% witholding tax? No thank you!
Its a lot. Then you have the potential to lose out on exchange rates too.
Doesn’t make sense…not for dividends that can be found in the UK for much cheaper.
Appreciate the advice
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