Shares (SAYES) and Taper Relief

[Nula]

If I sell shares obtained from SAYEs since 2000, and still work for the same employer (a Footsie 100 company) can I use the 25% Taper Relief and increase theCGT threshold

[kags]

If you have bought the shares under the SAYE scheme, the normal CGT rules apply. The gain is the sale procedds, less what you paid for the shares. The taper relief is applied to the gain, reducing it accordingly before applying the annual exemption, and charging any balance to tax. If you have held the shares for 2 years (each acquisition is looked at separately) then the taper relief should be 75%, leaving 25% of the gain chargeable, against which your annual examption will be set. This 75% exemption will only apply as long as you are an employee.