What are the tax implications of ESOP/RSU transfers?
The tax implications are simple: based on the amount of time you have held these shares, you will be paying long-term or short-term capital gains tax upon the sale of your ESOPs. More details on this can be found in our taxation article
here.
Once the capital gains tax is accounted for, there is no additional tax related to transferring the funds to your Vested account.
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Can I transfer funds from my ESOP/RSU account?
Yes, you can transfer funds from your ESOP/RSU account to Vested. Here’s how: Complete your KYC to open a Vested US brokerage account. In the Vested app, go to 'Transfer,' and select 'ESOP/RSU'. Find your broker (e.g., Fidelity, Morgan Stanley, ...
Can I transfer funds from my ESOP/RSU account?
Yes, you can transfer funds from your ESOP/RSU account to Vested. Here’s how: Complete your KYC to open a Vested US brokerage account. In the Vested app, go to 'Transfer,' and select 'ESOP/RSU'. Find your broker (e.g., Fidelity, Morgan Stanley, ...
What are the charges associated with the funds transfer via RSU/ESOP/ESPP account?
Normally, the sender broker imposes a one-time wire transfer fee when you transfer the funds. This fee typically ranges from $25 to $65 per wire depending on the broker where you hold your RSU/ESOP/ESSPs.
Are there any RBI restrictions or income tax implications when moving dollars from a US broker to Vested, especially if these dollars were received as dividends?
You can move your dividend funds from a US broker to Vested without any RBI restrictions. Regarding income tax, transferring these funds and investing them does not create a taxable event. Tax obligations only arise when you sell an investment or ...
What are the fees for outgoing Global Fund transfers?
You will need to reach out to the receiving broker/ platform as they will be able to assist you in moving the funds/ stocks from Vested to the receiving broker. Before initiating the transfer from your broker, please note that: There are certain ...