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caseyK
CaseyK
Posts: 1 Newbie
in Cutting tax
I held some BAA shares in 2003 and had to sell them due to a hostile takeover of the Company in 2006, they were sold before the three year maturity date. I paid tax on the profit, but would I have been able to claim Capital Gains Allowance and pay tax on the residual profit above that amount?
0
Comments
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they were sold before the three year maturity date.
........... which makes it an employee Share Scheme of sorts? Which - as it's related to employment - often makes any tax due fall within Income Tax and not CGT.
You'll need to state what type of scheme it was to get specific help? But there's a starter here :-
http://www.hmrc.gov.uk/working/bens-shares-tips/shareschemes.htmIf you want to test the depth of the water .........don't use both feet !0
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