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  • Professional fees self assessment tax relief

    Gain on unqualified share options assessed via PAYE ( ie the gain is assessed to inxome tax not Capital gain tax) Are broker fees in connection with the share sale an allowable expense for which tax relief can be claim on self assessment? The fees are incurred wholly and excluisviely to facilitate the sale of the shares. Can someone please provide me a definitive answer and point me to the respective guidance please
  • RE: Non qualified US share Options for UK employee

    The information sheet is too generic as is the helpline number Can some please provide further guidance on 1) Which value is used to report via PAYE , the 409a valuation of $80 or the $120 2) if $80 the difference between the final $120 and $80 be reflected on self assessment as income tax not CGT 3) the $140 price is not relevant
  • RE: Non qualified US share Options for UK employee

    Can anyone give guidance on the value to use for the PAYE /NIC element to calculate the benefit event for tax Would it be 1) 409A valuation, as that is the price the company is using for US share option but back 2) the $120 which is the private sale price independent of the company, ie exercise and buy from company then sell on same day to private buyer 3) the $140, value base on private funding round
  • Non qualified US share Options for UK employee

    Hi Can anyone provide guidance on Tax treatment on the following: UK resident employed by 100% UK Subsidiary, granted share options directly in the US parent private company. These are Non Quaified share options (ie unapproved scheme.) On Exercise are these taxed via Self assessement under foreign income section on SA or via PAYE by UK Subsidiary? The UK employee exercise the options and sells to a US private buyer on the same day Exercise price $1.00, independant 409a valuation $80 private sale price $120 If PAYE , is it the 409a Valuation of $80 or is $120 deemed the market value for PAYE? Is a UK vauation of the company shares required to determine the market value to UK PAYE purpose? If the company did a private funding round and the equivalent price was $140, would that have any bearing on the market value