Information for shareholders
Dividends are paid to shareholders net of a tax credit of 10% which covers tax on the dividend for basic rate taxpayers. Shareholders liable for higher rate tax will be assessed for the additional tax through their annual tax return.
Capital Gains Tax
SIT pays no CGT on gains made within the portfolio allowing the managers to make investment decisions solely on performance criteria. However, when you sell all or part of your holding, you may be liable to CGT on gains in excess of £10,600 (tax year 2011-2012).
For investors who purchased shares prior to 31 March 1982 the cost for CGT purposes may be based on the price on that date of 41.472p.
The information set out above is of a general nature only and relates to United Kingdom taxation, which is applicable to UK resident individuals. Levels of, and reliefs from, taxation are subject to change and depend on the individual circumstances of each investor. If you are in any doubt as to your tax position, you should consult your professional adviser.
Following your investments
SIT shareholders are invited to our annual general meeting. We provide all our investors with an annual report, as well as an interim report at mid-year.
SIT savers and ISA investors receive statements twice yearly.
If your name is entered on our register of shareholders (i.e. not in the STOCKPLAN, ISA or SIPP schemes), you may choose to receive our interim and annual reports and other shareholder communications electronically instead of in paper form.
All you need to do to register is click here to access our registrar's website and provide your email details. You will then be advised by email when an electronic communication is available to be accessed.
By clicking on the link above you will be leaving The Scottish Investment Trust website. The Scottish Investment Trust is not responsible for the content of the linked website.