Share Scheme at work, its a U.K. Company

KJN | 19:09 Thu 21st Apr 2011 | Business & Finance

3 Answers

I make a Monthly contribution from salary, one free share given for every one purchased , (have to hold for 5 years)The Company is being taken over, price per shares has been agreed, question is what are the tax implications when the offer goes through and who has to declare.i.e. is it a straight forward Capital Gains Tax declaration by me? will the Company declare the information on my P11D? Any further info very much appreciated.Many Thanks

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woofgang

Are you getting more shares or are you asking about the ones in the schemer? If it's the ones. In the scheme and they stay in for 5 years, I don't think there is any tax liability until you sell them...or is the schemeb being wound up?

KJN

Question Author

The scheme is being wound up due to the new takeover, Thks

BenDToy

This happened to my my wife and i don't think there was any tax liability. This may not be true of every situation but I think if you read the scheme documentation it will be covered.

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