I have a sharesave from a previous company about to expire. So I want to exercise i (I was allowed to pay in for several months after redundancy). But I am finding conflicting information about the tax position on exercising. It looks like te CGT allowance was just reduced dramatically and anything over £6k profit will be taxed.
Is this correct?
Presumably I could I exercise the full amount of shares (paying no tax?) and then only sell enough this tax year to keep inside the CGT allowance?
It looks like I may have been better off exercising before this year due to tax changes
EDIT: Nevermind, I'm going to put it into an ISA instead.
Thanks.
Is this correct?
Presumably I could I exercise the full amount of shares (paying no tax?) and then only sell enough this tax year to keep inside the CGT allowance?
It looks like I may have been better off exercising before this year due to tax changes
EDIT: Nevermind, I'm going to put it into an ISA instead.
Thanks.
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