Sean
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RE: Tax on SARS vested while working abroad
Hi, a spoke to my US accountant who advised all income originating in the US will be taxed in the US. This includes income from rental properties, bank savings interests, stock options awarded as part of work conducted in the US as well as private pension schemes. I think this is also in the tax treaty. While I was in the US I paid tax on my UK rental income and savings in the U.K. so makes sense same applies the other way. -
Tax on SARS vested while working abroad
Hi, I have 2 parts to my questions: I was based in the US for several years and have half of my employer awarded stock appreciation rights (SARs) vested while there. Now I am U.K. resident, please advise where I will be taxed when I exercise them (I believe it is taxed at source ie paid to the IRS)? Also for my remaining stocks which have not yet vested, where will these be taxed, as I believe they will be paid to me in the U.K. when exercised.