Company shares

[adsvx220]

Good afternoon

I have just recently left Taylor Wimpey which I had purchased a few shares whilst I was employed with them at a discounted price.

Now I have left I need to sell off my shares. What I'm struggling with is how to work out how much I'm going to get back. I have got 573 shares with the company. I paid 132p for them and they are now at 145p or there abouts.

Thanks for your help

[ZOLLAR]

adsvx220 said:

Good afternoon

I have just recently left Taylor Wimpey which I had purchased a few shares whilst I was employed with them at a discounted price.

Now I have left I need to sell off my shares. What I'm struggling with is how to work out how much I'm going to get back. I have got 573 shares with the company. I paid 132p for them and they are now at 145p or there abouts.

Thanks for your help

Shirley it's 573 x £1.45 = £830.85

[sidicks]

ZOLLAR said:

Shirley it's 573 x £1.45 = £830.85

Less tax

[Jockman]

sidicks said:

ZOLLAR said:

Shirley it's 573 x £1.45 = £830.85

Less tax

Would there be any?

[ZOLLAR]

sidicks said:

ZOLLAR said:

Shirley it's 573 x £1.45 = £830.85

Less tax

I considered that but didn't know specifically what it would be, when I sell my company shares they're dealt with by my payroll department.
As I don't keep them in the trust long enough for them to be tax free I usually see a deduction of 33%.

[Eric Mc]

Why do you HAVE to sell?

[trickywoo]

Your profit will be about £75 depending on selling fees. Unless you nave used your capital gains allowance on something else there won't be any tax to pay.

Unless you need the money I'd be tempted to hang on to them. The property sector took a dive at Brexit and earlier in the year your shares were around the £2 mark.

[Eric Mc]

Sometimes, if an employee sells free or cheap shares they got as part of a remuneration package too soon after acquiring them, the profit on the sale will be taxed under Income Tax rules and not Capital Gains Tax rules. They would also be subject to NI.

So, if you really want to dispose of them, check whether they would be caught under Income Tax.

[adsvx220]

I don't think I technically have to sell. I can take them on myself but wouldn't know where to start. I would like to keep them an possibly buy more as the new build sector will pick up.