Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sun, 07 Apr 2024 13:24:37 GMT by David TOMLINSON
I am a UK resident who was awarded several batches on shares by my employer in the USA. For a long time I reinvested them after deduction of withholding tax and paid UK tax on the value. What is my position on UK Capital Gains tax? The shares were one off rather than given in a formlal awards scheme
Posted Mon, 15 Apr 2024 13:09:57 GMT by HMRC Admin 19 Response
Hi,

You can see guidance here:

Tax and Employee Share Schemes

Thank you.
Posted Wed, 17 Apr 2024 10:41:54 GMT by HMRC Admin 32 Response
Hi,

As a UK resident, you would be subject to UK rules on capital gains on the disposal of the shares.  
You would be required to report the disposal in a Self Assessment tax return, where a gain arises, in the capital gains section, which on paper, is SA108. 

Self Assessment tax return forms

If tax is withheld in the USA, you would need to review the UK/USA tax treaty, regarding capital gains taxation. If you have to pay tax in the USA, you can claim up to 100% of the foreign tax in the foreign section of the tax return (on paper SA106).

Thank you.

You must be signed in to post in this forum.