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Posted Tue, 31 Dec 2024 01:00:22 GMT by Sandeep Kaul
I work for a US Based company in the UK, and as part of my employment, I get some RSU as well. I Pay taxes on those initial value of those RSUs as if it was normal income here. Once the RSUs are vested, they are credited in my US Trading account, and when I sell them, the money stays in the US and is not remitted back to the UK. Last year I made some gains by selling some of these shares, the gains which are not remitted to the UK, and I am using the remittance basis for my self-assessment. Do I need to pay capital gains tax in the UK for the same? Thanks!
Posted Fri, 10 Jan 2025 11:55:37 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.
Posted Mon, 13 Jan 2025 18:41:18 GMT by Sandeep Kaul
Thanks for the response. It does not clarify how things change if I am using remittance basis for filing my self assessment. Ideally since I have paid income tax on the initial amount, and the gains are never remitted to the UK, I shouldn't need to pay capital gains on the gains, but it's not really clear. Can you please clarify that? Thanks!
Posted Fri, 31 Jan 2025 07:14:01 GMT by HMRC Admin 25 Response
Hi Sandeep Kaul,
We can only provide you with the guidance in this forum.
It is up to you to review that guidance and make you decisions.
If you require an answer to a more specific question, you will need to contact our Self Assesment helpline here:
Self Assessment: general enquiries
Or seek professional advice.
Thank you. 

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