cham1209 Cham
Joined: 5/5/2025
-
RE: How to declare vested RSU shares tax has already been paid ?
Thank you for your reply. Just to make sure I understand the guidance ERSM20192 correctly and report accordingly. In this case I will retain the vested shares - does it mean that I do not have to report it now? I only need to report a capital gain, if any, arising in the future when I dispose them. In addition, HS305 Employment-related shares and securities — further guidance (2022) states that "You will not be chargeable to tax if your shares cease to be subject to the plan because you ceased employment for one of the following reasons: - injury or disability - redundancy - a change of employment under the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations 2006 - a change in the control or sale of the company you work for out of the group - retirement - death" Does this HS305 apply to me given I have already retired in 2021 and the shares only vested this year. Thank you. -
RE: How to declare vested RSU shares tax has already been paid ?
Good afternoon, I am also a UK tax payer. I retired from my former Hong Kong employer in 2021. As a good leaver (due to retirement), restricted shares granted to me during employment continued to vest as per share plan. These restricted shares were subject to 4-year vesting. I recently received the vested restricted shares. Upon vesting, these shares are ordinary shares and no longer subject to the share plan. Do I need to declare the value of these shares as earnings given they are granted to me due to my retirement?