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Share grants - Dumb it down a little

D3V!L · 2019-02-06 09:28:58

I got gifted share grants through my employer last year and as they've just started vesting I can now sell them if I want. I'm a PAYE employee and through the company that runs it we receive the proceeds through our payroll. I read about CGT and I dont quite understand it. Would I be taxed on the proceeds through PAYE or…

06-02-2019 9:28am

#1

D3V!L

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Join Date: November 2015

Posts: 2851

I got gifted share grants through my employer last year and as they've just started vesting I can now sell them if I want.

I'm a PAYE employee and through the company that runs it we receive the proceeds through our payroll.

I read about CGT and I dont quite understand it. Would I be taxed on the proceeds through PAYE or would i have to declare the earnings myself ?

If someone could spell it out nice and simple like they're talking to a child I'd very much appreciate it

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Comments

#2 06-02-2019 5:21pm

Geuze

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Join Date: July 2010

Posts: 13984

CGT is a tax payable on any gain if you dispose of an asset.

It is not paid through PAYE system.

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