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Selling US Shares In UK

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Hi all,

Apologies if this isn't the right place to post this.

We have a family issue that means we need to sell some shares pretty quickly.

My husband is a US citizen and these shares were awarded to him through his work as park of a benefits scheme.

He's now living in the UK and we are both completely naive when it comes to shares.

Can anyone give us any pointers as to where we can go to sell these. Is this something that can be done online?

Many thanks,
Louise

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  • EdGasket
    EdGasket Posts: 3,503 Forumite
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    Does he have the share certificates or are they held electronically by some US institution?

    If he has the certificates, TD Direct Investing will be able to sell them once you have set up an account and sent off your certificates to them to be held as nominee.

    If they are held in the US electronically you will need to contact the institution that is holding them for you.
  • greenglide
    greenglide Posts: 3,301 Forumite
    First Anniversary Combo Breaker Hung up my suit!
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    Most US employers offering share benefit schemes will use one of the US financial companies to actually hold the shares and administer the scheme. My employer uses Merrill Lynch and we have access to their "Benefits online" online system.

    Selling shares and transferring the proceeds into a UK bank is a straightforward matter conducting over the telephone.

    However if the shares were awarded to him as a US employee and he is now overseas there could be complexities involved, especially if the hasnt told the institution that he is now overseas.

    There are also potential US tax implications?
  • Lou1973
    Lou1973 Posts: 17 Forumite
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    Thanks for replies.

    He has the certificates over here. They were awarded when he was in the US but he still works for the same company.
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