UKCM is a real estate investment trust (REIT) focused on UK-based commercial property such as shopping centres, warehouses, industrial estates and retail outlets.
Cool that this is now available. It’ll save me a bit on fees.
Why is there dividend withholding tax on this stock?
The stock information page gives you the answer to this. It’s PID levied on real estate investment trust (REITs) distributions.
It is a REIT and the dividend you are referring to is a property income distribution. Unless you have this stock in an ISA you will not receive it gross.
In a Freetrade ISA, rather than paying gross, Freetrade recovers the tax paid from the HMRC and pays it back to you see UK REITs in ISAs 🇬🇧 - #117 by Damon.