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Where Taxpayers and Advisers Meet

Cgt on company share scheme

cv65user
Posts:10
Joined:Wed Mar 29, 2017 10:35 pm
Cgt on company share scheme

Postby cv65user » Sat Sep 25, 2021 10:17 am

Hello

I am trying to understand when I can use spouse CGT allowance for company share scheme if I can.

I put 10k and got 25k back.
25k - 10k - 12.3k CGT allowance = means I pay 10 % on 2.7k ?

But I am being told I have no CGT if i use my spouse CGT allowance. But I thought this applied to joint assetts.

It was share scheme in private company not on stock market. The shares had no dividend or voting rights and in my name only.

cv65user
Posts:10
Joined:Wed Mar 29, 2017 10:35 pm

Re: Cgt on company share scheme

Postby cv65user » Sat Sep 25, 2021 10:20 am

It was a paid lump sum net.
Shares were held in a employer benefit trust if that helps to clarify the type of share scheme

Jholm
Posts:222
Joined:Mon Mar 11, 2019 4:22 pm

Re: Cgt on company share scheme

Postby Jholm » Mon Sep 27, 2021 9:25 am

It sounds like you have already sold the shares to make the gain, in which case it is too late.

You would have to transfer the shares to your spouse in advance of the sale, assuming the T&Cs allow you to do so.


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