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Anand Sasidharan

Anand Sasidharan

Joined: 9/25/2024

  • Capital gains tax on remitted amount

    Wed, 25 Sep 2024 09:25:13 GMT – Capital gains tax on remitted amount
    I am an additional rate tax payer who is filing as non-domicile on remittance basis for the tax year. I sold stocks held in a US brokerage account with capital gains for the transaction amounting to 10,000 GBP, for which I paid 15% (1500 GBP) capital gains tax in the US. If I remitted the remaining 8500 GBP to the UK, how much tax should I pay for the remitted amount in the transaction.