S squibs Registered User Messages 14 27 Jun 2007 #1 I can't seem to see this answered in key posts, and search doesn't seem to be working. I sold some share options recently. I believe tax on proceeds is paid at 41% - is that right? Also which revenue form do I complete for this? Thanks.
I can't seem to see this answered in key posts, and search doesn't seem to be working. I sold some share options recently. I believe tax on proceeds is paid at 41% - is that right? Also which revenue form do I complete for this? Thanks.
N Nige Registered User Messages 1,030 27 Jun 2007 #2 Tax at 41% is due on the exercise of a share option, on the difference between the option price and the market value. Use Form RTSO1. If you sell immediately, no further tax is due. However, if you wait for a while before selling the shares, cgt may be payable.
Tax at 41% is due on the exercise of a share option, on the difference between the option price and the market value. Use Form RTSO1. If you sell immediately, no further tax is due. However, if you wait for a while before selling the shares, cgt may be payable.
C ClubMan Registered User Messages 52,951 27 Jun 2007 #4 Income tax return/payment via RTSO1 must be made within 30 days.