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Grossing up
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Grossing up comes into play when, as a shareholder, you may receive some dividends net of tax.
In order to be able to calculate your tax liability (increasingly important under self-assessment ) on such income, an amount equivalent to a notional tax figure is added to the net amount.
Your tax liability is then calculated back from this notional gross figure.
See Also: Online share dealing service Stockmarket Centre
Last Updated: August 2007 © Moneyextra.com
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