Sandeep Kaul
-
RE: RSU capital gains for un-remitted amount using Remittance basis
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! -
RSU capital gains for un-remitted amount using Remittance basis
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!