Capital Gains - Share Save Scheme

housebuyer143

I bought a lot of shares through my employer at a low price and further discounted, through the work Share Save Scheme.

The shares have matured now and I am wondering if I need to pay Capital Gains on them and if so how much?

Could someone let me know how much would be due? Also, the shares are all in my name, but I am married - can we use both our capital gains allowance? 

I bought 5169 shares at 2.79. The shares today are worth 4.93. 

Thanks 


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Sorry, just realised I am probably in the wrong forum.

Tiglet2

I have a similar thing.  When you sell the shares you will receive a certificate which you have to include in your tax assessment for the year.  Providing the total capital earnings for the year do not exceed the Capital Gains limit, you should not pay any additional tax.  I don't believe you can utilise your spouse's allowance for your own shares.  If you are keeping the shares (or keeping a portion of them), then there will be no CGT liability until they are sold.  I am not an expert though.

ProDave

So it cost you £14,421.51 to buy them, and you sold them for £25,483.17

So that is a capital gain of £11,061.66

That is below the capital gain threshold, so unless you have made other capital gains as well, there will be no tax to pay and you don't even need to declare it.