Do you get taxed on selling shares given to you by your employer?

Jeremy535897

icicat said:

Hey Jeremy, you know that's a good point, I'll need to check my payslips for that. So I should count the value after any tax deductions? I guess I need to sell the shares first before I can calculate all this. Ok thanks for clearing up the ,mis-understanding, I have more reading up to do

The value of the shares you acquired will be the net of tax and NIC figure, as it will have been grossed up to work out the tax due.

Steve_666_

On-the-coast said:

Were the shares held in a uk gov recognised share saving scheme?
often the whole amount is shielded from tax in that case. 

If it’s “normally” held shares
then you can make a tax free gain of £12300 (in a tax year)

You will need to look up the value of the shares at time of award vs sale & adjust for currency changes to work out what your gain is (or loss…)

FYI
Hunt has raided the CGT threshold, its now 6k for 2023/4
https://www.taxcafe.co.uk/resources/capital_gains_tax_allowances.html

icicat

Hey all, I'm filling out my tax return for the year I took out the ex-employer awarded shares I had growing in the US.

I need help understanding what exactly I need to declare for capital gains tax.

Here is a screencap of my shares dashboard. Am I correct in thinking I only declare what is stated in the 'Gain/loss' section? As I am guessing that the 'Cost Basis' section is the actual cost of the share when given to me? As the Proceeds is what was paid out when I sold them.