Tax on small US shares investment

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Slim

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I have a modest investment in a US stock, purchased recently for purposes other than investment although I hope not to lose money on it. I am likely to sell the shares in a year or two. I think the broker(Revolut) will, I presume, withhold 15% or 30% tax. If the shares show a gain, it will be well below my annual threshold of €1,270. How would I get the withheld tax back or is it lost?
 
Why would the broker withhold tax when you sell?
That would be most unusual
 
jpd said:
Why would the broker withhold tax when you sell?
That would be most unusual
Click to expand...
Not really.
A broker withholding US taxes is not at all unusual.
Especially if a non US resident has not filed a W-8 BEN via the broker.

About Form W-8 BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) | Internal Revenue Service

Information about Form W-8 BEN, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities), including recent updates, related forms and instructions on how to file. Submit Form W-8 BEN when requested by the withholding agent or payer.
www.irs.gov www.irs.gov
 
I don't think a broker such as Revolut worries about capital gains - it is up to the account holder to report and pay CGT & Exit Tax
 
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