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Save-as-you earn employee Share scheme; tax?
My son has been contributing to his companies save-as-you
earn employee Share scheme for a couple of years.
The scheme matures just before the end of this tax year and the expected ‘gain’ is approx £2500.
This tax year he’ll have about £800 savings interest but no other income from other shares etc except the anticipated £2500.
If he exercises the option to buy his shares at the original option price and then immediately sell all of them will he be liable for any tax/N.I. on the expected £2500 gain?
As ever, all replies gratefully received.
Comments
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Unless making capital gains elsewhere he will be below the CGT limit for tax (£12,300)1
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