mbra
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RE: Cost basis for stock acquired prior to UK residency
If the stocks were acquired as part of an employee equity compensation program that grants RSUs, where stocks are granted and then vest at a later date, does this change the answer? If not, is the purchase price (and therefore cost basis) that of the grant or vest date? Thank you! -
Cost basis for stock acquired prior to UK residency
I acquired stock in a single company prior to moving to the UK. Now, as a UK resident, I sold some of that stock. What is the cost basis I should use when calculating the sharepool value? A concrete example: I purchased 5 stock units in Company A for $10 each prior to moving to the UK. 1) I read somewhere that the cost basis is set to 0 for stocks acquired while not a UK tax resident. Is that correct, or should I use the purchase price ($10)? 2) If I use the purchase price, what exchange rate should I use - that of the date of acquisition or of sale? Thank you!