Manuel Posted 26 October, 2012 Posted 26 October, 2012 PM is far to limiting. You'd be better off giving us the story here and letting nature take its course. Even I have some expertise in certain fields.
Gemmel Posted 26 October, 2012 Author Posted 26 October, 2012 PM is far to limiting. You'd be better off giving us the story here and letting nature take its course. Even I have some expertise in certain fields. 52% tax on stock options - There has to be a better way surely? They don't come under capital gains as they are non something or other (They were allocated pre IPO) and coming from the US
St Chalet Posted 26 October, 2012 Posted 26 October, 2012 Depends whether they are an approved or unapproved scheme and also on how long you have held them as I recall.
PhilippineSaint Posted 26 October, 2012 Posted 26 October, 2012 Take a holiday to a tax haven set up bank account and have the proceeds paid into there especially if they are overseas options anyway.
trousers Posted 27 October, 2012 Posted 27 October, 2012 52% tax on stock options - There has to be a better way surely? They don't come under capital gains as they are non something or other (They were allocated pre IPO) and coming from the US [socialist mode start]So, you'd rather keep some of that 52% tax to yourself than have it spent on a life saving NHS operation for someone?[/socialist mode end]
Jonnyboy Posted 27 October, 2012 Posted 27 October, 2012 [socialist mode start]So, you'd rather keep some of that 52% tax to yourself than have it spent on a life saving NHS operation for someone?[/socialist mode end]
Gemmel Posted 27 October, 2012 Author Posted 27 October, 2012 Depends whether they are an approved or unapproved scheme and also on how long you have held them as I recall. It was/ is an unapproved scheme - which seems to be the problem
PhilippineSaint Posted 27 October, 2012 Posted 27 October, 2012 Cash it in and dont tell the tax man you have done it then when he asks tell him you will give him 0.4% the same as PFC if he doesnt like that tell him to take you to court where you will be bankrupt again and then offer him 1% of the original 0.4 Pompey maths works everytime
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