Need help calculating Capital Gains Tax on share sale

Biggles

elwy wrote: »

Just to clarify; my husband paid £250 a month for 5 years for a total of £15,000 invested. The company added a further £650 for a total of £15,650. All the shares over this 5 year period were purchased at the fixed price of £2.884, making a total of 5426 shares.

Yes, they were presumably purchased under the Save As You Earn scheme? Hence my comment at post #9 that it needs someone with more knowledge.

For example, this link https://www.gov.uk/tax-employee-share-schemes/overview makes reference to the special conditions under which they are bought. The SAYE link says that there might be tax advantages. Does anything have to be repaid? I don't know. The link on selling shares mentions that you don't pay CGT when you dispose of the first £50,000 of employee shareholder shares. Does that apply to these? I don't know.

It's quite likely that your husband's company routinely provides advice on these matters if he's still employed there, though whether they do for ex-employees I wouldn't know. They can also tell you the correct original cost, as it won't be something that we can calculate in the usual way.

elwy

Biggles - Thanks so much for this. I've never heard of the £50,000 allowance for employee shares and I will definitely investigate this. I wonder if my husband messed up by transferring the shares to me when he could have sold it all himself?

Lakeuk - Thanks, if this is correct then I figure I owe about £18 tax!