Company shares

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ned_werby

ned_werby

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Is there anyway of minimizing your tax liability when cashing in shares you own in your company under a 'matched contribution' scheme operated by your employer? (To complicate matters the shares will be traded on the NYSE).

Any advice appreciated....
 


ned_werby said:
Is there anyway of minimizing your tax liability when cashing in shares you own in your company under a 'matched contribution' scheme operated by your employer? (To complicate matters the shares will be traded on the NYSE).

Any advice appreciated....
Click to expand...
Change you name to Ned Werby Amazon.com to avoid paying any tax.
 
ned_werby said:
Is there anyway of minimizing your tax liability when cashing in shares you own in your company under a 'matched contribution' scheme operated by your employer? (To complicate matters the shares will be traded on the NYSE).

Any advice appreciated....
Click to expand...
Depends on how many you are cashing in. Iirc you get an annual allowance for capital gains. If the scheme is recognised a a Share Investment Pln then cgt May not be applicable anyway. What kind of order of magnitude are we talking here?
 
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ned_werby said:
abt 6-8k
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Don't you also have to keep them for a number of years? Once that period is up then they are free of all tax liabilities. I have sold a number of times in NY (currently doing so atm) but always after the restrictions in terms of duration of holding.
 
Depends on the company share scheme. Not sure what you mean by 'matched contribution' but sounds like it could be either SIP or SAYE.

www.gov.uk

Tax and Employee Share Schemes

Tax advantages on employee share schemes including Share Incentive Plans, Save As You Earn, Company Share Option Plans and Enterprise Management Incentives
www.gov.uk www.gov.uk
 
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