Dacornel
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Taxes on share options
Hello My company gave me the chance to buy share option a few years ago. I purchased 4000 share options. The scheme gives me the option to buy actual shares end 2024 (currently at a lower price than the market value). The other thing that may happen is that the company may buy back the options - to save me having to buy and sell the shares. If I buy the shares - or the company buys back the options - then what tax do I pay? Reading some similar threads on this forum, I believe it maybe exempt from income tax, but if I sold the shares a future date I would pay capital gains tax (if above the CGT threshold). Is that correct? Thank you