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Where Taxpayers and Advisers Meet

Taxation of gains from USA shares

Joined:Thu Nov 24, 2011 6:51 pm
Taxation of gains from USA shares

Postby pandora_boite » Tue Nov 05, 2019 6:24 pm

I am aware that UK individual investors in non-UK funds are taxable on their investment gains in two contrasting ways, at rates of either 20% or 45%. The lower tax rate is only available for proceeds from a fund with UK Reporting status. Proceeds from funds with non-reporting status are treated as income.

Does this apply to shares as well. Say for example someone has bought shares in the USA of USA based companies. (i.e. Not via a fund but by the purchase of company shares like Cisco, Intel, Microsoft etc.). How are these gains taxed when the shares are sold? Are they classed as capital gains or income?

Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Taxation of gains from USA shares

Postby pawncob » Tue Nov 05, 2019 11:35 pm

They're taxed as gains.
With a pinch of salt take what I say, but don't exceed your RDA

Joined:Thu Aug 16, 2012 4:31 pm

Re: Taxation of gains from USA shares

Postby DavidTreitel » Sat Nov 30, 2019 9:13 am

But cost and proceeds are converted to Pounds at spot rates for the dates of purchase & sale. This can result in a gain in Pounds and a loss in Dollars or vice versa.

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