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Tax on Share Sales CGT
custom-king
Posts: 1 Newbie
in Cutting tax
Myself and a number of my colleagues work for a company have invested in sharesave schemes over the years. Our Company is being taken over and we will have the shares automatically purchased. I believe that we will have to pay a new rate of 18% CGT on the sale profit as the shares will be paid out in May 08 less whatever the new CGT allowance is. However some of my colleagues are being informed they will pay Tax and NI on the full value of the shares even after holding the shares for 5 years and more. Does any one Know which is the correct version ?
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