Tax free RSU for non-Dom

[lop130371]

Hello,

Over the last 3 years I received a number of RSU shares from my employer (U.S. Pharma industry). Two years ago and last year I cashed them in the same day when they vested. The tax was all dealt with through payroll with 52% tax withheld. I was not aware that they could follow the non-Domiciled rules

This year I have some more RSU vesting, about 4000$ vesting in two weeks.
I only have two options with the broker Merrill Linch

- Sell them (roughly 2000$ once the 52% tax is deducted at source), and they will be deposited to my BOI account.
- Transfer them to different broker

Since I'm non Irish domiciled I was thinking of transferring them to another broker (I have E-Toro, linked to my account in Spain,haven't used in a while but still have it open) and then transfer them tax free to my bank account in Spain, where I'm from and spend them in Spain (I go back a couple of times a year on holidays, visits, a bit of remote work etc. so I normally spend two and half months in Spain during the year, the rest in Ireland). Is this a valid tax compliant operation ? Also do I need to report anything to Revenue since nothing will go through payroll but land in Spain tax free ?

Thanks

 

[Gordon Gekko]

It’s payroll related, so the non-dom rules are irrelevant. They’d only kick-in for gains if you kept the stock post the income tax event.

 

[lop130371]

Thanks Gordon for the clarification