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Selling Incentive/Award Shares

MarcusFenix · 2015-12-02 20:41:19

Hi all, Completely clueless here so need some advice/ direction. I've got roughly 9000 in shares that were awarded to me by my company 3 years ago. They became 'actionable' on the 19th October Now if I go to sell on the shares through the site (Equate plus) of the company who manages(???) the shares It looks like it's…

02-12-2015 8:41pm

#1

MarcusFenix

Registered Users, Registered Users 2 Posts: 720 ✭✭✭

Join Date: February 2010

Posts: 662

Hi all,

Completely clueless here so need some advice/ direction.

I've got roughly 9000 in shares that were awarded to me by my company 3 years ago. They became 'actionable' on the 19th October

Now if I go to sell on the shares through the site (Equate plus) of the company who manages(???) the shares It looks like it's allowing me to just transfer across to my bank account.

What's the story with my tax liability on these? The cost base is showing as the market value the day they became 'actionable' .

Can someone explain to me what happens if i transfer to my bank account? A colleague told me I pay higher tax rate on the whole amount? Any info greatly appreciated

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