How much capital gains tax you pay when selling company shares or share options for a profit depends on:
Simple. There is no tax to pay if your annual contributions to your ISA stayed in the £20k limit.
In this case the calculation is straightforward as well:
Use our capital gains tax calculator to work out how much you need to pay.
As long as you held them for the required time, there is zero capital gains tax to pay.
Read more in our guide to tax-efficient investments.
It all depends on your relationship to your employer:
|Type of shares||How you received them||Capital Gains Tax|
|your company’s common shares||you owned at least £2,000 worth of shares in your company||you only pay CGT on gains over £100,000 that you make during your lifetime|
|your company’s common shares||you owned at least 5% of the company||you might qualify for Entrepreneurs’ Relief and pay CGT at a reduced rate of 10%|
|your company’s common shares||through a Share Incentive Plan (SIP)||—|
|your or other companies’ publicly listed shares||through a Save As You Earn (SAYE) plan||—|
|your company’s share options||through a Share Option Plan||normal rate (on the difference between the exercise price and what you sold them for)|
|your company’s share options||through an Enterprise Management Incentive Plan (EMI)||normal rate (on the difference between the exercise price and what you sold them for)|
If the person giving you the shares was your spouse, then you don’t need to do anything.
Otherwise you need to calculate and pay CGT.
If you made a loss when selling shares, you can:
Get your self assessment prepared for you online by certified accountants for £119
Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.
You can talk to one of our tax assistants at any time during the process when you have any questions.
We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.
Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.
We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.
We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.
Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.
UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.
Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.
TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.
At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.