From: "Graham" 
Newsgroups: uk.finance
Subject: Re: Tax on Dividends
Date: Sun, 9 Nov 2003 19:02:44 -0000

So when it talks about the tax on income being dependant on where the
initial capital came from (i.e. parents, grandparents), in practice it would
make no difference ?

Graham.


"Jonathan Bryce"  wrote in message
news:ansrb.904$gS4.189@newsfep4-winn.server.ntli.net...
> Graham wrote:
>
> > So are Dividends on shares not treated as "income" .
>
> Yes they are treated as income, but you are not allowed to reclaim any
tax.
> A higher rate tax payer will have to pay additional tax on it though.