# Income Tax (Trading and Other Income) Act 2005, Section 402: Charge to tax on dividends from non-UK resident companies


(1) Income tax is charged on dividends of a non-UK resident company.
(2) For exemptions, see in particular section 770 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment).
(3) Subsection (1) is also subject to section 498 of ITEPA 2003 (no charge on shares ceasing to be subject to SIP in certain circumstances).
(4) In this Chapter “dividends” does not include dividends of a capital nature.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/402 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-402
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.