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Posted Wed, 28 Aug 2024 16:40:25 GMT by Emily Tsui
In 2020, I used my income in the amount of HK$60,000 to buy Partnership Shares from the employer's Share Incentive Plan. I paid the income tax for this amount HK$60,000 in 2020 to Hong Kong Tax Authority. In July 2022, I left the company and moved to the UK. In November 2023, these Partnerships Shares were sold (between 3 and 5 years from the date of acquisition). My question is, as I already paid income tax for this amount HK$60,000 to Hong Kong Tax Authority in 2022, do I need to include this amount HK$60,000 as income when I fill in the Self Assessment form for tax period 6 April 2023 to 5 April 2024. Thanks in advance for your help on this. Minty
Posted Tue, 10 Sep 2024 10:01:11 GMT by HMRC Admin 25
Hi Minty Tsui,
No, as the 60k is the purchase price of the shares when working out any Capital Gain Tax due, if applicable.
Thank you. 
Posted Sun, 15 Sep 2024 09:22:33 GMT by Emily Tsui
Thank you very much for your advices.

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