Can anyone in 'Plain simple English' explain what tax you pay for 'Dividends and Capital Gains Tax', when investing in US STOCKS......
1. If the US STOCKS are held 'INSIDE' a UK ISA?
2. If the US STOCKS are held 'OUTSIDE' a UK ISA?
In an ISA, no tax, apart from the 15% witholding tax, on dividends.
In a SIPP, even the witholding tax, can be reclaimed. This also applies to shares such as Somero Enterprises (LON:SOM).
Outside an ISA/SIPP, I think, tax is the same as on UK shares. It is a pain because, you have to advise all the dividends, if you do a tax return and work out the rates of exchange, some are monthly or quarterly.
