W-8BEN

Money, investing, mutuals etc
planteria
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W-8BEN

Post by planteria » Sun Nov 27, 2016 7:13 pm

is anyone else filling one of these in as standard?

i used to use Hargreaves Lansdown as my broker, and they have written to remind me that my W-8BEN will expire at the end of the year.. but i'm no longer with them. iii haven't contacted me re. this. don't want to fall foul of the regs.. but iii are less reliable in some respects :think:

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Re: W-8BEN

Post by William Joseph1 » Sun Nov 27, 2016 9:14 pm

For those who have no idea what he is posting about. This is what it seems to refer to:

Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals
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planteria
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Re: W-8BEN

Post by planteria » Sun Nov 27, 2016 9:42 pm

that's right.. any of us who hold US shares are supposed to have current W-8BEN status.

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Re: W-8BEN

Post by AAAlphaThunder » Mon Nov 28, 2016 12:23 pm

Err, no one ever told me to fill one in and so I never have.

Talk about living on the edge.
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planteria
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Re: W-8BEN

Post by planteria » Mon Nov 28, 2016 12:29 pm

yes indeed :lol: are you holding US shares?

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Re: W-8BEN

Post by AAAlphaThunder » Mon Nov 28, 2016 8:57 pm

planteria wrote:yes indeed :lol: are you holding US shares?
I trade US shares. The US is the best market to trade IMHO.
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Re: W-8BEN

Post by planteria » Tue Nov 29, 2016 8:37 am

ok, good.. i 'Invest' rather than 'Trade'.. currently hold Amazon.

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Re: W-8BEN

Post by fattulip74 » Tue Nov 29, 2016 9:04 am

underdog wrote:Err, no one ever told me to fill one in and so I never have.

Talk about living on the edge.
The W-8BEN is for non US citizens who have a reportable income in the US, the W-9 is for US citizens working abroad, you don't necessarily have to complete it's just you will automatically be paying an extremely high proportion of tax on any income. If you hold US stock it could be worth doing if you are ever going to sell or even receive dividends (which will have tax auto deducted at higher rate), its a fairly simple form (your broker or the registrar of the shares you hold will help you out on it).
Thanked by: AAAlphaThunder, planteria

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Re: W-8BEN

Post by AAAlphaThunder » Tue Nov 29, 2016 12:46 pm

fattulip74 wrote:
underdog wrote:Err, no one ever told me to fill one in and so I never have.

Talk about living on the edge.
The W-8BEN is for non US citizens who have a reportable income in the US, the W-9 is for US citizens working abroad, you don't necessarily have to complete it's just you will automatically be paying an extremely high proportion of tax on any income. If you hold US stock it could be worth doing if you are ever going to sell or even receive dividends (which will have tax auto deducted at higher rate), its a fairly simple form (your broker or the registrar of the shares you hold will help you out on it).
Thank you.
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Re: W-8BEN

Post by Sarah » Tue Nov 29, 2016 6:37 pm

I filled one out awhile ago; wasn't entirely straightforward as all the terminology is US-centric.

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