caseyK

CaseyK

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?

Mikeyorks

CaseyK wrote: »

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.htm