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2015-2016 is a split year for me. In december while I am a

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2015-2016 is a split year for me. In december while I am a UK resident, my former employer sold some shares held abroad to pay some taxes abroad on my behalf. Do I need to report that in UK and how?
Submitted: 3 months ago.
Category: Tax
Expert:  bigduckontax replied 3 months ago.

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

Was any gain made on the sale of those shares?

Customer: replied 3 months ago.
Hi Keith,
I have added the file. It's a 1099. So the amount has already been reported to IRS in USA.
Basically from 06th April 2015 till 2nd August 2015 I was a US resident. From 3rd August 2015 till 05th April 2016, I am a UK resident. The sale of those shares was made in december 2015 while I am a UK resident.
There is no gain. It's as if they gave the full proceeds of those shares to IRS.
Does it make sense?
Expert:  bigduckontax replied 3 months ago.

Yes it does, as there was no gain there is no requirement to make any declaration to HMRC.

Just forget about it, but keep the paper work just in case.

I do hope that I have put your mind at rest on this matter.

Customer: replied 3 months ago.
that's what I thought although this morning I got a letter from the Offshore Coordination Unit at HRMC saying that they want me to confirm that I do or don't have a swiss investment/account. It's as if they received that 1099. So really nothing to worry about and forget about it?
Expert:  bigduckontax replied 3 months ago.

Just confirm that you do not have a Swiss Investment account. HMRC do tend to pick up the wildest assumptions, invariably incorrect and always in the Revenue's favour.

bigduckontax, Accountant
Category: Tax
Satisfied Customers: 3125
Experience: FCCA FCMA CGMA ACIS
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Customer: replied 3 months ago.
Thanks a lot. That's what I have just done.
Expert:  bigduckontax replied 3 months ago.

Thank you for your support.

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