anyone understand tax in relation to US share transactions

Grandad · 16-04-2010, 03:21

I have sold US shares many times through 3 different brokers and never had to pay any tax ( other than the negligible securities charges )

I am now trying to model some share options using a cashless sell but when I do the brokers system says it is subject to 48% tax

I have a valid W8-BEN lodged with the broker

I have tried getting an answer from them but they are taking ages

anyone understand this stuff ?

16-04-2010, 03:21	#1
Grandad Old Git Join Date: Nov 2006 Posts: 2,016	anyone understand tax in relation to US share transactions I have sold US shares many times through 3 different brokers and never had to pay any tax ( other than the negligible securities charges ) I am now trying to model some share options using a cashless sell but when I do the brokers system says it is subject to 48% tax I have a valid W8-BEN lodged with the broker I have tried getting an answer from them but they are taking ages anyone understand this stuff ?

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