Non - Dom | AccountingWEB

Non - Dom

As an employee of a foreign subsidiary working in the UK had options to buy shares(unapproved scheme) in the holding company which is resident in India. The employee is an Indian Domicile working in the UK for the subsidiary company for the last 5 years.

The holding company in India has been taken over and as such the employee has made a gain on these shares options and the sale proceeds have not been remitted to the UK. His employers in the UK, the subsidiary company has deducted tax on the sale procceds of the shares.

Is the employee entitle to any tax exemption from tax, due to Non Dom. And if anybody knows what are the tax implications here.   

There are 2 comments. Login or register to view them.

I'm not sure Non Dom status is relevant

mark hodges |

Non - Dom

smilingsal |