×
Tax Action
4th August 2014
Jonathan Watts-Lay, Director, WEALTH at work comments in The Mail on how share scheme investors should utilize careful tax planning, as this possibly reduce a potential CGT bill.
Watts-Lay comments ‘Savers can make use of their annual CGT allowance, currently £11,000, before any tax is payable. They can also switch shares into a spouse’s name and split any sale over two tax years, utilising two CGT allowances.’
Under the rules, savers have six months to exercise their options. They then have 90 days in which to transfer up to £15,000 of shares into an equity based New Individual Savings Account without triggering CGT. Watts-Lay says: ‘Many high street ISA providers can’t facilitate this so employees would need to use a workplace NISA or go to a specialist provider.’
Please see The Mail to learn more.
Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.