CGT when selling shares - Must declare if under the allowance?

Wilde00

Hi all, I read tons of messages on this topic but I still have doubts   Please bear with me...

Situation
- I own 2000 shares of my company (1300 of it were stock options, and the other 700 are ESPP-RSU, once it became public).
- I am based in London but the company HQ is in the USA
- When I joined pre-IPO, my stock options award price was 6$. When I exercised the stock options, the price was 30$ (and I did "sell to cover"...so lots of shares were used to buy the stock options)
- The current value is 33$, and I've decided to sell everything.


Questions-Doubts
1) My capital gain are different depending on the type of shares?
Example: 
- For the 1300 stock options awarded at 6$ and exercised at 30$, I have 24$ of profit per share? Or I have to consider the current value of 33$ and therefore I have 27$ profit per share? Or since i exercised at 30$, the profit is currently 3$?
- For the 700 shares given at a later stage, do I need to calculate the value at the time of the shares received, and consider the current 33$ price?

I understand that this is a first world problem, but after spending more than half of the total value in paying taxing while exercising options, it seems insane that I have to pay again a ton of taxes , on the same asset, for the second time.

2) if you stay under the annual allowance, do you still have to declare this sale in your tax assessment?


I guess the big question is: how can I maximise my cash return and minimise taxes, considering I already paid taxes when I received shares and exercised the options? Any help from someone that passed through the same experience would be super helpful...

Thank you all as usual  

MX5huggy

You have to do the maths using Pounds £. 

ChilliBob

If the US is anything like the UK then company share schemes can be very complex, but often have favourable tax treatment. I think you'd be best asking your employer for more info on the specific scheme. For example I recently sold shares in an EMI, SIP and Growth scheme, all had different rules and nuances.