As I have been taxed as a non-resident of USA, and wired the cash, how would I calculate tax return in country of residence - Ireland.
Had a mix of ESPP and RSUs. Seems no tax calc is needed for RSUs.
Do I need to pay 33% capital gains just on the cash and not the AVGO shares till I cash them ?
It seems USA also has a Double Taxation Agreement, so I could apply for a tax credit to offset the Irish tax ?
Sorry I have no clue, but here's an answer from Bard:
Yes, you are correct that you would only need to pay capital gains tax on the cash proceeds from the sale of your ESPP shares. This is because RSUs are not considered taxable income until they are actually cashed out.
To calculate your capital gains tax in Ireland, you will need to know the following:
Once you have this information, you can use the following formula to calculate your capital gains tax:
```
Capital gains tax = (sale price - basis) * tax rate
```
In your case, let's say you sold your ESPP shares for $10,000 and your basis was $8,000. Your capital gains tax would be:
```
Capital gains tax = ($10,000 - $8,000) * 0.33 = $660
```
However, you may be able to claim a foreign tax credit to offset your Irish tax liability. This is because the United States and Ireland have a double taxation treaty, which means that you will not be taxed twice on the same income.
To claim a foreign tax credit, you will need to file a Form 1116 with your Irish tax return. You will need to provide the following information on the form:
The Irish Revenue Commissioners will then calculate the amount of foreign tax credit you can claim.
All due respect, why the fu-k are you asking for complex tax advice on a layoff message board full of trolls and dipsh-ts? Seriously.
Thank you for the suggestion about conducting a Google search. Indeed, independent research is important and can often provide a wealth of information. However, we believe forums like this also have a unique value. They offer the opportunity to hear diverse perspectives and experiences from individuals who might have dealt with similar situations. While online resources are informative, they might not always capture the nuances and real-world complexities that fellow forum members can offer based on their personal experiences.