Selling foreign shares IRS/CRA/AT tax?

sharon888

Does anyone know when a UK taxpayer sells foreign shares, in
particular shares in US, Spanish and Canadian companies, do you have to inform or submit any forms to the foreign equivalent of
the HMRC regarding the sale or capital gain or loss?

Also is there any foreign tax to pay to IRS/CRA/AT?

In addition, is there anywhere where I can search for which ftse shares have ex divi dates in the next x days, in a list format?

Thankyou

DavidHayton

Hi, you don't have to inform Revenue Canada if you are disposing of shares in quoted companies, unit trusts or similar in Canada. Here are relevant pages from Revenue Canada:

http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/nnrs-eng.html#common
http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/dsp/menu-eng.html

However, any gains would be subject to UK CGT if you are resident and domiciled in the UK.

David

barak

sharon888 wrote: »

Does anyone know when a UK taxpayer sells foreign shares, in particular shares in US, Spanish and Canadian companies, do you have to inform or submit any forms to the foreign equivalent of the HMRC regarding the sale or capital gain or loss?

Banco Santander shareholders are told that there may be Spanish tax formalities when selling their shares -
http://www.santandershareholder.co.uk/index.php/shareholder-services/buying-and-selling-shares/products-for-shareholders1/products-for-shareholders/

tommy_canning

where the best place to sell canadian shares