Donate SIGN UP

Shares (SAYES) and Taper Relief

Avatar Image
Nula | 23:25 Wed 17th May 2006 | Business & Finance
1 Answers
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
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by Nula. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
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.

Only 1 answerrss feed

Do you know the answer?

Shares (SAYES) and Taper Relief

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.