Save As You Earn (SAYE) Maturity Imminent
Jul 31st 2016, 10:21 pm
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Save As You Earn (SAYE) Maturity Imminent
Hi. I'm hoping someone can help me figure out my tax liability for a UK SAYE scheme that matures at the end of this year.
As a background, I moved to the US almost 2 years ago. Had I still been resident in the UK, I understand that I would have had a zero CGT tax liability since the gain will be below the 11k threshold.
If this now has to be reported on my US tax return, do I include it on my UK tax return too, and how do I avoid being charged tax twice (Im unsure as to how the UK CGT allowance applies to ex-pats)? Also, if it is liable to US tax and I hold for 1 year before selling, would I would be liable for the reduced CGT rate? Will this UK employee stock purchase program be treated the same as a US employee stock purchase program and so (dis)qualified position rules will apply?
Thanks for any help you can provide
As a background, I moved to the US almost 2 years ago. Had I still been resident in the UK, I understand that I would have had a zero CGT tax liability since the gain will be below the 11k threshold.
If this now has to be reported on my US tax return, do I include it on my UK tax return too, and how do I avoid being charged tax twice (Im unsure as to how the UK CGT allowance applies to ex-pats)? Also, if it is liable to US tax and I hold for 1 year before selling, would I would be liable for the reduced CGT rate? Will this UK employee stock purchase program be treated the same as a US employee stock purchase program and so (dis)qualified position rules will apply?
Thanks for any help you can provide
Last edited by renzomullany; Jul 31st 2016 at 11:04 pm.
