We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Reducing tax on shares vesting
Options
Ricky_Rooney
Posts: 22 Forumite
in Cutting tax
Hi all,
Next March a large portion of shares that were in a Long Term Incentive program will vest. Will these count as income and subject to income tax (which will push me into the additional rate tax bracket) or would it be capital gains that I would be liable for? These were all restricted stock units so I didn't purchase them as such so not sure if capital gains tax would be levied on the full amount or the price difference between when I was awarded them and the final strike price (which is likely to be ~35% higher). Really appreciate any guidance here. Thanks!
Next March a large portion of shares that were in a Long Term Incentive program will vest. Will these count as income and subject to income tax (which will push me into the additional rate tax bracket) or would it be capital gains that I would be liable for? These were all restricted stock units so I didn't purchase them as such so not sure if capital gains tax would be levied on the full amount or the price difference between when I was awarded them and the final strike price (which is likely to be ~35% higher). Really appreciate any guidance here. Thanks!
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards