Do I owe capital gains on shares?

I bought shares as part of a saye scheme as follows.

5168 shares bought at 2.78. About £14,400 spent on them. 
I opted to sell 3850 at 5.15 and transfer the remainder to my husband. He sold the rest at 5.04.

We made a £12000 gain or thereabouts. Between us we had £12000 capital gains limit but not sure if we are due to pay anything?

It crossed my mind today that potentially we made an error and should have split to shares equally rather than me selling the amount to cover the purchase price and then my gain on top.


  • eskbanker
    eskbanker Posts: 29,971
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    Your gain was 3850 * (5.15 - 2.78) = £9,124.50, less any qualifying transaction costs, so if you sold in 2022/23 when the CGT threshold was £6K then you need to declare that taxable gain....
  • Meanwhile your husband has (5168 - 3850) = 1318 shares which are treated as having been bought at 2.78 and sold at 5.04.  So his gain was 1318 * (5.04 - 2.78) = £2978.68, less any qualifying transaction costs.  So he does not have to declare this gain (unless he has other gains as well)

    There are some particular rules for SAYE schemes but I don't think these affect your CGT liability.

  • Thanks both. I didn't think it through properly as could have avoided that £300 bill 😕 although, would have got 11p less a share so not that much worse off. 
    Glad I checked because it's been about 6 weeks and only occurred to me today it might have ended up a taxable gain.
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