Hi,

Does anyone know the tax treatment of divdends from a Limited company in UK? I know that you would gross up the dividends and include as taxable income. However, do you know if the tax paid on these dividends (which is 19% corp tax rate) can be claimed as a tax credit back in Australia as this tax has already paid from these dividends (ie. same treatment as if these were dividends from a listed company). I will be an Australian Tax resident for the tax year and just want to be sure I've got it right.

Thanks

- the tax credit on UK dividends is 10% of the gross dividend (or 1/9 of the net sum received)

- whether the dividends are assessable in Australia depends on your visa status:
http://www.gomatilda.com/news/article.cfm?articleid=374

Best regards.