British Expats

British Expats (https://britishexpats.com/forum/)
-   USA (https://britishexpats.com/forum/usa-57/)
-   -   Save As You Earn (SAYE) Maturity Imminent (https://britishexpats.com/forum/usa-57/save-you-earn-saye-maturity-imminent-881236/)

renzomullany Jul 31st 2016 10:21 pm

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


All times are GMT. The time now is 5:52 am.

Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.