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Is Capital Gains applicable?
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sanch3z_77
Posts: 29 Forumite

in Cutting tax
Advice on employee shares and Capital Gains Tax please!
I was previously employed by the UK subsidiary of a US company and, as part of my annual reviews, I was awarded a number of shares each year.
The shares are in a scheme (possibly an ESPP?)that is managed by Morgan Stanley who have:
I was previously employed by the UK subsidiary of a US company and, as part of my annual reviews, I was awarded a number of shares each year.
The shares are in a scheme (possibly an ESPP?)that is managed by Morgan Stanley who have:
- Withheld a proportion of shares for tax whenever shares have vested
- Withheld a proportion of dividends for tax each quarter (remainder of dividends are reinvested)
My understanding is that I shouldn't have to pay any additional tax. Is that correct or will I have to pay Capital Gains Tax?
I've never cashed in these shares and they've sat there for the past 10+ years. I'm now at the stage of nearing retirement (next 5 years) and not sure how to release the fund without a large tax bill.
TIA
I've never cashed in these shares and they've sat there for the past 10+ years. I'm now at the stage of nearing retirement (next 5 years) and not sure how to release the fund without a large tax bill.
TIA
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Comments
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Can Morgan Stanley not advise?0
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[Deleted User] said:Can Morgan Stanley not advise?
I've contacted them several times and they don't reply. I don't know if this is because I'm no longer an employee of the company
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