TAX ON SALE OF SHARES IN EXEC OPTION SCHEME

TAX ON SALE OF SHARES IN EXEC OPTION SCHEME

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It was an Exec share scheme where shares were issued to Execs based on employer hitting a certain EPS target.

Therefore there was no cost to me. I had left the company before the time of the actual payout.

I think it was just paid direct into my bank account.

tax was dedcuted via equinit  and ni is this the correct treatment?  also waht part of the self assessment return should this be included under

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By gbuckell
20th Sep 2013 12:57

Probably correct

I assume this was a listed company, it was an unapproved share scheme and you agreed to sell the shares immediately. On these assumptions I would say the treatment is correct.

There is no requirement to disclose it separately on your tax unless you had no other earnings from that employer in the same year (as it would be included with the other earnings). If so then it can just be included on an employment page as pay and tax in the normal way.

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