P&G shares - what to do?

[McGee_22]

My good Lady was an employee of and has a fair amount of P&G shares and they have been held by a UK share holding company employed by P&G (the shares are US shares). She has been told the company will no longer hold the shares of ex-employees so she has been given a couple of choices of what to do..

1. Liquidate the shares and gain the money
2. Move the shares to a US Share Broker and continue to hold the shares that way

If she liquidates the shares, she could then re-purchase P&G shares through a UK Shares Broker

Any ideas? Is dealing with an independent US Broker going to be a PITA?

[xeny]

Where do you stand with CGT liability?

[McGee_22]

xeny said:

Where do you stand with CGT liability?

Good question - I think most of the shares were acquired as part of a SAYE Individual savings scheme before 2003...

https://www.gov.uk/government/publications/employe...

so they might come under this obscure rule...

https://www.gov.uk/hmrc-internal-manuals/capital-g...

i.e. No CGT if transferred directly to an ISA. But does this mean the shares themselves or the value of the shares?

[55palfers]

I have some US held shares granted under SAYE when I worked for a UK subsidiary of an American firm.

They are lodged with Broadridge (https://www.broadridge.com/contact) who are really easy to deal with.

They send dividend checks (sic) out as and when - need to fill in a W8 - BEN though.

I've sold a few shares and it was processed quickly and without hassle.

All dealings on-line.

[sideways sid]

The fundamental question that your wife needs to answer is if she wants to retain ownership of the shares.

The litmus test is if she had the value of them in cash, would she:

• invest in PG becuse she thinks it will outperform all other investments
• invest some or all of it in something else
• spend some or all of it

She can hold US-listed stock in PG in her ISA or SIPP with HL or other managers, but as others have mentioned, should probably understand any tax consequences before crystalising a gain.