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Post Info TOPIC: Capital Gains
Georgie


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Capital Gains
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HI,

I have a client who is employed - but I complete his tax return  as he rents out property. He has recently told me that his employer has given him some shares in the company - He said it was a "profit share" . Can anyone confirm if he will pay CGT on these shares in this tax year as its a "chargeable gain"? Or will he only pay CGT if he sells them?

Georgie



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Cheshire


Master Book-keeper

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Very useful fact sheet here from HMRC on approved share schemes etc
www.gov.uk/government/uploads/system/uploads/attachment_data/file/323691/hs287.pdf

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Georgie


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Hi

Thank you

Does anyone know how the monetry value of the shares are accounted for? Is it though PAYE or as an entry on the tax return?

Georgie

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