We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Anyone ever had book entry shares held in the US, how do you go about selling, cashing and investing

I have book entry shares held with the AST Financial in the US (a w8-ben form completed), purchase via ex company share options. 

New to this, so thinking of opening UK trading platform account with a  S&SISA

Basically, Im looking to sell and cash out let's say 40k(20k on each side of this April) but then also sell some to reinvest to start diversify investment. So, I'm trying to look into the best options for doing this utilising any tax free incentives but bearing in mind that currently all shares (in USD) are parked in the US with ASTfinancial.

I'd be grateful to find people's opinions on this.

Comments

  • george4064
    george4064 Posts: 2,932 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Not really sure what you’re asking, but sounds like you need to open a S&S ISA with a platform, sell your US shares and transfer the proceeds to your newly opened S&S ISA?

    There might be tax to pay on your share sale, depending on your gain.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.