Could anyone help with this please?
I joined a pre IPO US tech startup in London and received a stock options grant (4 years vest). I was a UK resident at the time and on a UK employment contract. I early exercised my entire stock grant shortly after joining. Unfortunately my s431 joint election wasn't signed on time (but it was signed). Is there an immediate tax liability only if a joint election has been filed? Or is the exercise also subject to taxation in the absence of a s431?
I have since moved countries halfway through my vesting period - I'm still vesting while not a UK resident. The company is still pre-IPO. Is the joint election (or lack of) still relevant as a non UK resident and will I need to aportion vested shares on a pro-rated basis between the two countries when the stock becomes liquid (presumably CGT in both countries)?
Thanks in advance.
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