This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Hi all,
I found a few threads related to this but I'm not sure how it fits my situation. I tried reaching out to a tax adviser but they want to charge me a few hundred £, which is money I really can't afford right now and I'm sure the answer is simpler than the amount they want to charge me.
I work for a foreign company who is not yet publicly listed, so as far as I understand it, the shares are likely not one of the UK government's approved tax schemes, thus they would likely fall under "non-tax advantaged securities options".
Reading the following would make me think I don't have any ICs or NICs to pay, as it sounds very similar to the situation I'm in: https://about.gitlab.com/handbook/tax/stock-options/unitedkingdom/
However, do I have to pay capital gains or anything? I've been scratching my head for days trying to read through the legislation but Income Tax (Earnings and Pensions) Act 2003 is RIDICULOUSLY complicated to understand.
For argument sake, say I have the option to acquire 500 of these shares with a strike price of €0.10 each, and their appraised value as of the last funding round is €100 each, because they are not tradeable, am I correct thinking they are classified as non-RCAs and what kind of tax implications would I have to consider if I exercised these options?
Thanks so much for any help.
Subreddit
Post Details
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/UKPersonalF...