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Posted Tue, 28 Nov 2023 14:12:00 GMT by Ganesan Rajagopal
I am considering moving to the UK in April 2024 though a company transfer and I have RSUs previously granted by my US employer which will continue to vest every quarter while I'm a tax resident in the UK. I have some non-salary income in my home country and intend to apply remittance based taxation for this income. Will this also apply for RSUs vesting in the US company (assuming I don't remit any of the proceeds to the UK) or will the vested RSUs be treated as UK earnings?
Posted Thu, 30 Nov 2023 14:03:04 GMT by HMRC Admin 32
Hi,

If you are resident, but not domiciled in the UK, then you can elect to claim the remittance basis and no pay tax on the unremitted RSUs. If you use the 'arising basis', which is the default tax method in the UK, then you would need to declare your world-wide income, which would include the RSUs. You would be able to claim a tax credit for the overseas tax paid. You would need to decide which method suits you best.
Have a look below for more information.

Residence, domicile and the remittance basis: RDR1

Thank you.

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