Day 26: Investment Income: What to Declare

With 26 days remaining, understanding investment income reporting is crucial. Recent changes to dividend taxation and reporting requirements make accurate declaration essential.

Investment income includes:

• Dividends from shares
• Interest from savings and bonds
• Income from unit trusts
• Foreign investment returns

The dividend allowance reduction to £1,000 affects many investors' tax positions. Higher-rate taxpayers particularly need to review their investment income strategy.

Keep detailed records of:

• Dividend vouchers
• Interest statements
• Investment platform annual summaries
• Foreign income documentation

Our tax specialists can help optimize your investment tax position while ensuring full compliance with HMRC requirements.