Tax on Employee Share Scheme

Car_54

Before I retired, I had a quantity of shares in the company (A) I worked for, earned as part of an incentive scheme. I understand that these would have been exempt from capital gains tax if sold.


Shortly after I retired, company A was taken over by company B, and my shares were exchanged for shares in B.


The question is, do the new shares still enjoy the exemption? I can't find an answer online, and the amounts involved don't really justify paying for professional advice, so any help would be greatly appreciated.

atush

I believe so.

Do you want to sell them now? You could transfer them to a S&S isa.

Vortigern

Car_54 wrote: »

Before I retired, I had a quantity of shares in the company (A) I worked for, earned as part of an incentive scheme. I understand that these would have been exempt from capital gains tax if sold.

Are you sure the shares would remain CGT exempt after your retirement?

I was in a similar incentive scheme. If I remember correctly the gains were exempt from CGT while the shares remained in the plan.

The shares had to be removed from the plan upon retirement and any gain arising after the retirement date is potentially taxable.

Share Incentive Plans on gov.uk

Car_54

Vortigern wrote: »

Are you sure the shares would remain CGT exempt after your retirement?

I was in a similar incentive scheme. If I remember correctly the gains were exempt from CGT while the shares remained in the plan.

The shares had to be removed from the plan upon retirement and any gain arising after the retirement date is potentially taxable.

Share Incentive Plans on gov.uk

Thanks. Looks like you're right!