Capital gain with deferred payments not in sterling...
I have a UK resident client who is excersising share options in a Canadian company. The proceeds are to be paid over the next few years, assuming certain contingencies are met (remains in employment etc...).
The deferred payments are to sit in a CAD$ account, and paid over in 1 + 2 years.
(The client lives in the UK and uses sterling accounts)
I appreciate the full gain is to be recognised now, and will have to base it on the exchange rate at point of disposal, but is there any scope to amend the tax comp later if the exchange rate changes significantly over the next couple of years?
Any input appreciated - thanks
- Annual to At Least Quarterly 265 10
- Community Faux Pas 737 25
- AAT before CIMA? 49 1
- trading losses allowable? 699 13
- Digital tax accounts - what do we expect? 403 9
- Tax Fines - HMRC 711 11
- Shared Network Drive on the Cloud 51 3
- VAT - Check on clients business 836 34
- Portuguese Resident having a UK Limited Company 132 6
- Here we go.... 784 25
- Capital Gains 318 6
- Probate services 286 3
- Anybody have that old ACCA Student Training Record (STR)? 132 1
- Salary Sacrifce School Fees Self Assessment 277 11
- Repaying Directors Loans within 9 months 638 21
- Group relief for CT 123 2
- Practical experience 768 14
- Is Xero payroll as rubbish as I suspect it is? 1,250 23
- How do others remember to do things you promise for different clients? What systems? 1,512 32
- Which VAT rate to use 152 1