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CGT on sharesave signed before March 2016

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Effician
Effician Posts: 533 Forumite
500 Posts Third Anniversary Name Dropper
Not thinkng of selling anytime soon but there's no harm in doing a little homework to plan for the futute, 
Any who , whilst  having a look around today i came across this & as Mrs E signed her sharesave agreement at the end of 2015 & cashed the plan in in 2019 i was wondering if this has any bearing on CGT liability going forward. For reference  not £50k at the start or now unfortunately.
Interested to know your views & thanks for taking the time to read.

https://www.gov.uk/tax-employee-share-schemes/employee-shareholder-shares

Selling your shares

You might not pay Capital Gains Tax when you sell shares. It depends on when you signed your employee shareholder agreement.

Before 17 March 2016

You only pay Capital Gains Tax on shares that were worth over £50,000 when you got them.

From 17 March 2016

You only pay Capital Gains Tax on gains over £100,000 that you make during your lifetime. The ‘gain’ is the profit you make when you sell shares that have increased in value.




Comments

  • Brie
    Brie Posts: 14,741 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thanks - useful to know!!!
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  • Effician
    Effician Posts: 533 Forumite
    500 Posts Third Anniversary Name Dropper
    Hmmm , Mrs E's was save as you earn so think we're out of luck https://www.gov.uk/tax-employee-share-schemes/save-as-you-earn-saye  , best keep looking for other options i suppose.
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