How can Foreign Investors Recover Dividend Withholding Tax on Land Securities Property Income Distributions?
UK REITs withhold 20% from Property Income Distributions.
Foreign investors entitled to relief under a double tax treaty can recover the excess — going back up to four years.
GTR manages the entire process. You pay nothing unless we recover.
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1. Land Securities pays your distribution
UK law requires 20% to be withheld from all Property Income Distributions before payment reaches you — regardless of where in the world you are based.
2. Your double tax treaty entitles you to less
Under your country’s treaty with the UK, your effective rate is likely lower than 20%. The difference is sitting with HMRC — legally yours to recover.
3. GTR files the reclaim with HMRC
We manage all documentation, correspondence, and filing. You provide data. We handle everything else — and only charge once we successfully recover.
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How Does Withholding Tax Work?
When Nestlé (Swiss Domiciled Company) pays a dividend of £1000 – it immediately gets taxed at the Swiss Statutory Tax Rate of 35% (£350) irrespective of who the shareholder is.
However, due to a Double Tax Agreement between the UK and Switzerland, UK residents are entitled to the preferential Double Tax Agreement Rate of 15% (£150).
Therefore, the differential of £200 (£350 – £150), is recoverable in its entirety but is retained by the Foreign Tax Office until all the necessary procedures and conditions are met.
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Land Securities - Distributions
| Date | Div-Type | Frequency | Ex-Date | CCY | Gross |
|---|---|---|---|---|---|
| 2026 | PID (Property Income Distribution) | Quarterly / Final | 18.06.2026 | GBP | 0.222 |
| 2025 | PID (Property Income Distribution) | Quarterly / Final | 12.06.2025 | GBP | 0.123 |
| 2025 | PID (Property Income Distribution) | Quarterly / Interim | 20.02.2025 | GBP | 0.095 |
| 2024 | Ordinary dividend | Quarterly / Interim | 28.11.2024 | GBP | 0.094 |
| 2024 | PID (Property Income Distribution) | Quarterly / Interim | 22.08.2024 | GBP | 0.092 |
| 2024 | PID (Property Income Distribution) | Quarterly / Final | 13.06.2024 | GBP | 0.121 |
| 2024 | PID (Property Income Distribution) | Quarterly | 22.02.2024 | GBP | 0.093 |
| 2023 | PID (Property Income Distribution) | Quarterly | 23.11.2023 | GBP | 0.092 |
| 2023 | PID (Property Income Distribution) | Quarterly / Interim | 24.08.2023 | GBP | 0.09 |
| 2023 | PID (Property Income Distribution) | Quarterly / Final | 15.06.2023 | GBP | 0.12 |
| 2023 | PID (Property Income Distribution) | Quarterly | 23.02.2023 | GBP | 0.09 |
| 2022 | PID (Property Income Distribution) | Quarterly / Interim | 24.11.2022 | GBP | 0.09 |
| 2022 | PID (Property Income Distribution) | Quarterly / Interim | 25.08.2022 | GBP | 0.086 |
| 2022 | PID (Property Income Distribution) | Quarterly | 16.06.2022 | GBP | 0.13 |
| 2022 | PID (Property Income Distribution) | Quarterly / Interim | 10.03.2022 | GBP | 0.085 |
| 2021 | PID (Property Income Distribution) | Quarterly / Interim | 25.11.2021 | GBP | 0.085 |
| 2021 | PID (Property Income Distribution) | Quarterly / Interim | 26.08.2021 | GBP | 0.07 |
| 2021 | PID (Property Income Distribution) | Quarterly / Final | 17.06.2021 | GBP | 0.09 |