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Moving to US to pay tax on stock options

  • 30-12-2015 6:04pm
    #1
    charliestock16
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi,

    I have a number of stock options both vested and unvested through my current employer. I currently have the option to move to the US for a role within the same company. Considering the amount of tax I have to pay on shares in Ireland it's something I'm considering.

    Would anyone happen to know how long you have to live in the US before getting taxed there on your stock options? I think it's 3 years but can't find anything online to clarify it.

    thanks


Comments

  • #2
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    If there's that much at stake, I'd suggest engaging the services of a competent tax consultant rather than seeking free advice here....


  • #3
    dogsears
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭dogsears


    exaisle wrote: »
    If there's that much at stake, I'd suggest engaging the services of a competent tax consultant rather than seeking free advice here....

    This is exactly right. Its a very complex area and mistakes are costly. The price of the tax adviser will be well spent to get the security you need and help you with your decision making.


  • #4
    adrianw
    Registered Users, Registered Users 2 Posts: 236 ✭✭adrianw


    After three years you will become non ordinarily resident in Ireland for income tax purposes which is what I assume you are referring to.
    However, you will still be taxed in Ireland as the share options relate to Irish related services of employment.


  • #5
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    You can offset any losses against gains. Can carry forward losses not gains. E.g. if you took/have a loss on an investment property. Dispose of it and carry forward the loss. Then match of against gains made elsewhere.

    As mentioned above, get qualified advice when doing things so they are done correctly.


  • #6
    adrianw
    Registered Users, Registered Users 2 Posts: 236 ✭✭adrianw


    ixus wrote: »
    You can offset any losses against gains. Can carry forward losses not gains. E.g. if you took/have a loss on an investment property. Dispose of it and carry forward the loss. Then match of against gains made elsewhere.

    As mentioned above, get qualified advice when doing things so they are done correctly.

    Hi Ixus,

    I think exercising share options are taxed as income and not capital gains.
    The subsequent disposal of the shares will be a capital gain/loss.

    Not sure if the OP was referring the shares or just the options.


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