Explorelife
Joined: 9/20/2024
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RE: Tax on ESOP (Employee Stock Option) foreign income
Dear HMRC team My Company is an Indian IT company, with its stock listed on Indian stock market. It has given ESOP to me, exercised at face value. I am a UK tax resident but domiciled in India. If I file returns on remittance basis, and these shares remain in my India DMAT account, do I have to pay perquisite tax in UK (on difference between share price and face value) when I exercise these shares? Thank you.