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I've been doing a sharesave scheme at work. Now wondering about CGT?
I live in the UK. I have been doing a SAYE with my work. It is due to mature in May, the shares are significantly higher than what I paid for them so they will take me over the CGT threshold.
I'm just wondering, how do I calculate what I paid for the shares to offset that against how much I made. Is it the total amount I have paid for the shares that have now matured or is it the amount the shares cost me for the current financial year.
Can I sell shares up to the CGT allowance and then also put a similar amount of shares into a stocks and shares ISA?
I just need to know the best way to avoid paying excessive tax costs
1 Answer
- Enough TrollsLv 77 years agoFavorite Answer
That has to be an amazing savings scheme if you managed to exceed the Capital Gains Allowance.
Get the HMRC phone number from gov.uk, call in, say it relates to CGT. You will be put through to a technician who wlll be happy to give you accurate advice.
