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Where Taxpayers and Advisers Meet

Share Options - Selling

gbond
Posts: 1
Joined: Fri Oct 13, 2017 9:46 am

Share Options - Selling

Postby gbond » Fri Oct 13, 2017 9:49 am

Please can I have some advice. My husband was given shares in the company he works for when he started.
We are now at a point where we are thinking of them selling them.
I am concerned about the Tax and NI Implications this may have on the income as it will be approximately £10k.
Where do I start?

Thanks

Gemma

AmanSood
Posts: 215
Joined: Mon Jan 09, 2017 4:12 pm

Re: Share Options - Selling

Postby AmanSood » Fri Nov 03, 2017 8:06 pm

It really comes down to the type of shares that are being acquired and the scheme under which the shares are acquired. Most likely the employer will withhold PAYE/NIC on the exercise of the options and on sale, any gain would be subject to CGT if the gain is more than £11,300.
Advising on UK employment, expatriate and personal taxes
aman.sood@e-taxconsulting.com.
+44 (0) 207 846 0155


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