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I have seen many posts on RSU CGT calculation.
Typically, let's say the company gives 10 shares, and they vest after 1 year.
Upon vesting they hold off shares/tax for PAYE, USC etc. - if you decide to sell the same day mostly no CGT unless stocks swayed in a big way.
If you instead decide to sell at a future date, then you have to pay CGT for the gain made from vesting date subtracting the annual exemption allowance.
Above is all clear to me - however my RSUs are charged differently.
Upon vesting, no shares/tax is withhold. Only when I sell the tax is withheld and shows up in payroll.
So, if I sell in a future date after vesting, I'm being charged for tax only on the sell date instead of the vesting date. And fidelity statements don't show the vesting date.
That brings me to the confusion - does it mean technically I'm not liable for CGT at all with the way my statements/charges work?
How will Revenue know when my shares vested if they are not showing in payroll/fidelity statements.
I would like to file for CGT return but confused on how to declare it properly.
Typically, let's say the company gives 10 shares, and they vest after 1 year.
Upon vesting they hold off shares/tax for PAYE, USC etc. - if you decide to sell the same day mostly no CGT unless stocks swayed in a big way.
If you instead decide to sell at a future date, then you have to pay CGT for the gain made from vesting date subtracting the annual exemption allowance.
Above is all clear to me - however my RSUs are charged differently.
Upon vesting, no shares/tax is withhold. Only when I sell the tax is withheld and shows up in payroll.
So, if I sell in a future date after vesting, I'm being charged for tax only on the sell date instead of the vesting date. And fidelity statements don't show the vesting date.
That brings me to the confusion - does it mean technically I'm not liable for CGT at all with the way my statements/charges work?
How will Revenue know when my shares vested if they are not showing in payroll/fidelity statements.
I would like to file for CGT return but confused on how to declare it properly.