AFAIU, REIT has two income stream, Property Income Distribution and Dividend.
Now dividend income is not to be declared to HMRC if it’s under 2000£. Property income distribution with have 20% tax deducted at source.
I have following questions,
Is property allowance of 1000£ include REIT PID?
How do you declare PID income to HMRC ?
Anything else important first time investor to know.
I do not want to pay 300£ to tax consultant for 100£ REIT income.