IFAs miss dividend tax opportunity

The sum is equal to about 14% of current total dividend returns to private investors, and represents a massive opportunity for improving service levels to clients of intermediaries such as IFAs, says Global Operations and Administration Ltd (GOAL). The tax specialist suggests the rate of tax applied on dividends by governments abroad varies, but with rates of up to 35%, can significantly dent any income from overseas investments. GOAL says the lack of focus on the issue stems in part from the lack of hard data identifying the true scale of investor losses, while the red-tape means clai...