Other tax relief deductions 15 - Relief claimed on a qualifying distribution

The redemption of bonus shares or securities is a qualifying distribution and is paid with a tax credit. If you pay tax at the higher rate(s) you will have further tax to pay on this income (which you'll have included in the Dividends section of your Tax Return), however you're entitled to an allowance, in terms of tax, for the higher rate tax you paid when those bonus shares or securities were issued. This allowance means the income is not taxed twice.

Enter the higher rate tax paid on the non-qualifying distribution of those shares (just the higher rate tax, not the tax credit or lower rate tax equivalent) - this will mean going back to the tax year in which they were issued and checking how much tax you paid on that income then.