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Hey exercising options (ie buying shares of a company for a set price) is not about capital gains. Rather income tax. Notice the company is private and I cannot sell the shares.
Do I need to pay income tax and on which amount? Is there a tax relief and do I need to declare anything?
I used to live in the uk three years ago and now live and work in Spain. I would like to exercise some options from my previous employer when I was living in the uk (uk company). Do I need to pay income tax on the market value of the shares in the uk? Do I need to declare anything in the uk?