Advice on pulling money from US stocks for a UK resident.
Hi,
My wife currently has around $200k\\\~ in one company stock which she has gained from RSU’s and ESPP’s whilst working there. We are looking to pull a fair chunk of this out as this amount in 1 stock as many of you know is crazy. She has left this to vest over many years and basically just ignored it.
Now the shares we are looking to pull are most RSU gain shares and there’s some which are ESPP. As these shares are US and as she is a UK resident, does she have complicated Tax implications on the ESPP shares?
With the RSU gains, she has already paid the NI & Tax on these so the CGT is pretty straight forward I believe. But I thought I read somewhere where ESPP gains may be different?
We’re thinking of pulling out $100k, maybe more. We are speaking to a financial advisor of where’s best to place this money. I was just curious regarding the tax, so was hesitate to pull it out.
Thinking of just pulling the money and then sorting the tax after as the stock price is doing very well at the moment and her shares have performed impressively. Especially as she only has a window until the 15th July of being able to pull these stocks out.
Any help or advice would be greatly appreciated.