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Posted Fri, 08 Nov 2024 13:32:49 GMT by GlennB
In 2001 shares were bought, via ESPP scheme, on my behalf by my employer who were a UK subsidiary of a US company. My employer placed the shares in Etrade account where I sign a WBEN document periodically. I understood this to be a like a employee share scheme and were sheltered from tax in the US and UK. They are worth $18000. I want to either transfer the shares or sell them and transfer the proceeds. Question: Was my understanding correct, can the shares be transferred to the UK free of tax or is subject to UK taxation?
Posted Tue, 12 Nov 2024 13:07:07 GMT by HMRC Admin 34 Response
Hi,
It depends on the type of share scheme and how long they were held. Please refer to guidance at:
Tax and Employee Share Schemes
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Thank you

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