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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">General &amp; Goal-based Investing portfolio </p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD">All dividends of US-listed securities are subject to 30% dividend withholding tax and the QII (Qualified Interest Income) rule. The latter rule applies to US-domiciled funds, especially US government bonds, of which some of the dividend withholding taxes can be claimed back. Our broker will do this on your behalf. </p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD">These taxes are applicable as long as you own US-listed assets, regardless of whether the assets were bought through StashAway, or via your own broker.</p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">Additionally, these taxes are held at source and would have already been deducted from the dividend payments shown on your 'Transactions' tab.</p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">Under the QII (Qualified Interest Income) rule, some of the dividend WHT from US domiciled funds (e.g. US government bonds) can be claimed back. Our broker will do this on your behalf and there is no involvement on the customer's part. We will do this once a year, and will notify you via email if you have any claimable WHT, which would be redistributed to your portfolio and automatically reinvested. For further illustration, you may like to view <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.ishares.com/us/literature/tax-information/qualified-interest-income-qii-percentages-2020.pdf" target="_self" rel="">this year's iShares report on QII ETFs</a>. Some examples of QII <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/stashaways-etf-selection" target="_self" rel="">ETFs that StashAway invests</a> in are 20+ Year Treasury Bond (TLT) and 10-20 Year Treasury Bond (TLH).</p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">Our investment team has given serious consideration to the 30% WHT and have considered other exchanges that have lower or no withholding tax. However, at the end of the day, we have decided to stay with US-listed securities despite the tax implications due to its deep liquidity, reputable fund management and most importantly, the lower tracking error. If you're interested to see a comparison between US-listed securities and foreign securities, <a class="styles__ATag-sc-13s6wwe-0 iKPPDk" href="https://www.stashaway.ae/r/etf-taxes-returns-and-tracking-errors" target="_self" rel="">here</a> is an article that presents its case. </p>

Do my dividends get taxed?

<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">For non-US tax residents, a 30% withholding tax (subject to QII rule) is applied on all dividends earned. </p>
<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">Capital gains are taxed according to tax regulations of the country of your tax residency. A statement issued by StashAway at the end of the year can be used for your tax filing. We recommend that you consult a tax advisor for tax-related questions.</p>

How do the securities in my portfolio get taxed?

<div class="wysiwyg-text-align-justify" dir="ltr">If you invest in US assets directly as an individual, the estate tax regulation applies. For our customers, the ownership is indirect as StashAways' legal entity (Asia Wealth Platform Pte Ltd) is the one that holds the assets and fractionalize them for our customers. Because of this structure, our clients should not be subject to this estate and gift tax. </div>
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<br>With that said, unfortunately, we do not and are not able to provide tax, legal or accounting advice.</div>
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<div class="wysiwyg-text-align-justify" dir="ltr"><em>*This is for informational purposes only. It is not intended to be tax, legal or accounting advice and should not be relied upon as such. We recommend that you consult your tax, legal and accounting advisors before engaging in any transaction."</em></div>

Am I subject to Estate Tax?

<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">Capital gains are taxed according to tax regulations of the country of your tax residency. We recommend that you consult a tax advisor for tax-related questions.</p>
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<p class="RichText__StyledParagraph-sc-6vxzsr-0 gqgfpD wysiwyg-text-align-justify">All dividends of US-listed securities are subject to 30% dividend withholding tax (subject to QII rule). These taxes are applicable as long as you own US listed assets, regardless of whether the assets were bought through StashAway, or via your own broker. The WHT is held at source and the rest of the dividends are redistributed back to your portfolio(s) and reinvested automatically.</p>

I have multiple tax residencies. How do I get taxed?

Questions relating to capital gains and dividend taxes on your portfolios