Share holders

The sections below contain tax saving advice for people buying and selling shares in the stock market.

Accumulation units

Income from unit trust investments that are accumulated (i.e. reinvested into the account) should be shown as taxable income on your tax return. The dividend voucher should show the "appropriate amount in cash".

Accrued income

When purchasing or selling certain stocks, part of the price may include a proportion of the next payment of interest. This is known as accrued income. If you receive the income you will be taxed on this. If you pay the charge you will be given tax relief on the payment. The tax return guide tells you where to put the accrued income, depending on which type it is.