We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Free work shares
housebuyer143
Posts: 4,299 Forumite
I was given £500 in free work shares a few years ago. Now they are maturing and the only option I have been given is to have the shares sent to me as a share certificate.
They will deduct NI and tax from these before paying them to me (even though I don't pay tax or NI -can I claim this back?) And then I have to sell them.
Will I incur CGT on these?. If so, will it be the difference between the price when they were bought (the time they sent my share certificate and charged me tax) and the price I sell them?
They will deduct NI and tax from these before paying them to me (even though I don't pay tax or NI -can I claim this back?) And then I have to sell them.
Will I incur CGT on these?. If so, will it be the difference between the price when they were bought (the time they sent my share certificate and charged me tax) and the price I sell them?
0
Comments
-
Yes and probably yes. However it'll hopefully fall within your personal CGT allowance (£6000 this year) so you won't end up paying anything extra.housebuyer143 said:Will I incur CGT on these?. If so, will it be the difference between the price when they were bought (the time they sent my share certificate and charged me tax) and the price I sell them?
0 -
Thanks, I have also redeemed £26,000 with of shares this month with a £12k profit which took all my allowance and my husbands so I have no allowance left 😭InvesterJones said:
Yes and probably yes. However it'll hopefully fall within your personal CGT allowance (£6000 this year) so you won't end up paying anything extra.housebuyer143 said:Will I incur CGT on these?. If so, will it be the difference between the price when they were bought (the time they sent my share certificate and charged me tax) and the price I sell them?
I guess I can hold them until April next year.
Do you know if I can claim the tax back on there? I'm not sure how it works.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards