US Stock options

Client has just come into the office and handed over US stock options that he has exercised in tax year 2012. Made redundant from Company in 2010/2011.

He has exericed the option and made a gain of circa $ 80 000, but he has paperwork suggesting that Federal US withholding tax had been deducted

Does he still pay UK tax/does this go in his tax return?

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Too many variables to answer this question

paras007 |

Thanks

murphy1 |

Expected position

paras007 |