the company and you are a higher rate taxpayer, you may have further income tax to pay if your employer only deducted basic rate tax. \par \par Capital Gains Tax (CGT) may be due if you make a gain when you dispose of your shares or other assets. \par }{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid5454716\charrsid5454716 {\*\bkmkstart ab}{\*\bkmkend ab}For further information about Capital Gains Tax please see the information provided on our }{\field\flddirty{\*\fldinst {\rtlch\fcs1 \af1\afs24 }}}\sectd \ltrsect\linex0\headery1440\footery1440\sectdefaultcl\sftnbj {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 \lsdpriority62 \lsdlocked0 Light Grid Accent 1;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 1;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 1;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 1;\lsdsemihidden1 \lsdlocked0 Revision; \par This depends on the level of your income liable to income tax. \par \s35\qc \li0\ri0\widctlpar\brdrb\brdrdb\brdrw5\brdrcf1 \wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs16\alang1025 \ltrch\fcs0 \v\f1\fs16\lang2057\langfe1033\cgrid\langnp2057\langfenp1033 \par }{\rtlch\fcs1 \ab\af1\afs24 \ltrch\fcs0 \b\f1\fs24\insrsid11078138 {\*\bkmkstart p}{\*\bkmkend p}What if I move abroad? \par }}}\sectd \ltrsect\linex0\headery1440\footery1440\sectdefaultcl\sftnbj {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 0f88d94fbc52ae4264d1c910d24a45db3462247fa791715fd71f989e19e0364cd3f51652d73760ae8fa8c9ffb3c330cc9e4fc17faf2ce545046e37944c69e462 \par }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 }{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 \par \linex0\headery1440\footery1440\sectdefaultcl\sftnbj {\rtlch\fcs1 \af1 \ltrch\fcs0 \f1\insrsid11078138 For example, you will need to keep a record of when you were awarded free or matching shares, and when you bought partnership shares. No income tax or NICs to pay on dividends used to buy dividend shares\cell Dividends that you used to buy shares are taxed as a dividend in the year when you take the shares out of the plan\cell No income tax or NICs to pay\cell \par }{\rtlch\fcs1 \ab\af1\afs24 \ltrch\fcs0 \b\f1\fs24\insrsid11078138 {\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};} - up to two matching shares for each partnership share you buy \aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin720\itap0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 a qualifying joint venture company. As the pandemic may cause postal delays, HMRC recommends that all enquiries be submitted by email to ShareSchemes@hmrc.gov.uk. {\f60\fbidi \fmodern\fcharset238\fprq1 Courier New CE;}{\f61\fbidi \fmodern\fcharset204\fprq1 Courier New Cyr;}{\f63\fbidi \fmodern\fcharset161\fprq1 Courier New Greek;}{\f64\fbidi \fmodern\fcharset162\fprq1 Courier New Tur;} \lsdpriority62 \lsdlocked0 Light Grid Accent 5;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 5;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 5;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 5;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 5; \pncf1\pnf3\pnstart1\pnindent360\pnsp120\pnhang {\pntxtb \'b7}}\aspalpha\aspnum\faauto\ls6\adjustright\rin0\lin360\itap0 {\field\flddirty{\*\fldinst {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 HYPERLINK \\l "i" }{\rtlch\fcs1 \af1\afs24 \par An employer may link awards of shares to its employees' performance, for instance \lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 4;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 5;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 6; 0ea8e8fccf01feffffff00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff00000000000000000000000000000000000000000000000000000000 }}}\sectd \ltrsect \f1\fs24\cf4\insrsid11078138 \aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin720\itap0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 by 40% down to the minimum of 60% over ten whole years, if the shares are non-business assets. \levelindent0{\leveltext\'03(\'00);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li360\jclisttab\tx360\lin360 }{\listname ;}\listid1993173031}{\list\listtemplateid-577493410\listsimple{\listlevel\levelnfc23\levelnfcn23\leveljc0 \s46\ql \li0\ri0\widctlpar\tqc\tx4153\tqr\tx8306\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang2057\langfe2057\cgrid\langnp2057\langfenp2057 \sbasedon0 \snext46 \slink47 header;}{\* \ts11\trgaph45\trleft0\trftsWidth1\trpaddl45\trpaddr45\trpaddfl3\trpaddfr3\tblind0\tblindtype3 \clvertalc\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth3615\clshdrawnil \cellx3615\clvertalc\clbrdrt \par {\pntext\pard\plain\ltrpar \rtlch\fcs1 \af3 \ltrch\fcs0 \f3\insrsid11078138 \loch\af3\dbch\af0\hich\f3 \'b7\tab}}\pard \ltrpar\ql \fi-360\li720\ri0\widctlpar\wrapdefault{\*\pn \pnlvlbody\ilvl0\ls1\pnrnot0\pnf3\pnindent360\pnhang {\pntxtb \'b7}} SIP participants are already permitted to stop their deductions from their salary, however, they will not be allowed to make up missed deductions if they stop due to coronavirus. \ltrch\fcs0 \f1\fs24\insrsid11078138 Gain chargeable to CGT = \'a311,700 - \'a38,200 =\cell }\pard \ltrpar\qr \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\rtlch\fcs1 \ab\af1\afs24 \ltrch\fcs0 f44f136c700fc4a30d2f81675470954af8f09020d810f5d49e24950db845ee8bc5ad0147ce2c210df741c16f7a41c90f72859adfc97965af90abf9cd72aee9fb \par \par }\pard\plain \ltrpar\s24\ql \li0\ri0\keepn\widctlpar\wrapdefault\aspalpha\aspnum\faauto\outlinelevel4\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang2057\langfe1033\cgrid\langnp2057\langfenp1033 {\rtlch\fcs1 \af1 \ltrch\fcs0 \insrsid1310987 \chftnsepc \lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Address;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Cite;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Code;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Definition; {\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;} \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 {\*\datafield 08d0c9ea79f9bace118c8200aa004ba90b02000000080000000300000061006700000000}}}{\fldrslt {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \cs42\f1\fs24\ul\cf2\insrsid11078138 Will I need t }{\fldrslt {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \cs42\f1\fs24\ul\cf2\insrsid13714593\charrsid13714593 website}}}\sectd \ltrsect\linex0\headery1440\footery1440\sectdefaultcl\sftnbj {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 . 00d0c9ea79f9bace118c8200aa004ba90b02000000170000002c0000007700770077002e0068006d00720063002e0067006f0076002e0075006b002f00700065006e00730069006f006e0073006300680065006d00650073002f00670075006900640061006e00630065002e00680074006d000000e0c9ea79f9bace118c82 \par If the new company wishes to make awards of shares after the take over it will need to set up a new plan (if it does not already have an approved plan) - it cannot use the plan you have been participating in to award shares in the new company. {\*\bkmkend _Hlt113177428} I pa{\*\bkmkstart _Hlt113177444}y{\*\bkmkend _Hlt113177444} the{\*\bkmkstart _Hlt113177422} {\*\bkmkend _Hlt113177422}income tax or NICs I owe? 0c895fcf6720192de6bf3b9e89ecdbd6596cbcdd8eb28e7c365ecc4ec1ff1460f53fe813d3cc7f5b7f020000ffff0300504b030414000600080000002100a5d6 \par Taper relief reduces the percentage of the gain that is chargeable to CGT more rapidly for business assets than for non-business assets. them by giving you up to two free shares for every partnership share you buy. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business. \lsdpriority49 \lsdlocked0 List Table 4 Accent 5;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 5;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 5;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 5; \par Part-time employees have the same rights to join as full-time employees. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid11078138 Five years later, she takes the shares out of the plan. Once completed upload the attachment on the employment related securities (ERS) online service. \b\fs24\lang2057\langfe1033\cgrid\langnp2057\langfenp1033 {\rtlch\fcs1 \af1 \ltrch\fcs0 \f1\insrsid11078138 {\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};} \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid7949643 2008-09}{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 is \'a3}{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid7949643 9,600}{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 \pncf1\pnf3\pnstart1\pnindent360\pnsp120\pnhang {\pntxtb \'b7}}\aspalpha\aspnum\faauto\ls6\adjustright\rin0\lin360\itap0 {\field\flddirty{\*\fldinst {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 HYPERLINK \\l "d" }{\rtlch\fcs1 \af1\afs24 \lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 3; could be within 3 years, 3 to 5 years, of receiving them. Income tax reliefs continue to apply to the shares you have already been awarded, but tax charges will apply to any that you take out early following the normal rules. \par Broadly, while you are an employee of }}}\sectd \ltrsect \aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin720\itap0 {\field\flddirty{\*\fldinst {\rtlch\fcs1 \ai\af1\afs24 \ltrch\fcs0 \i\f1\fs24\insrsid11078138 HYPERLINK \\l "c" }{\rtlch\fcs1 \ai\af1\afs24 \ltrch\fcs0 \i\f1\fs24\insrsid11078138 {\*\datafield \af1\afs24 \ltrch\fcs0 \cs42\f1\fs24\ul\cf2\insrsid11078138 Will the s{\*\bkmkstart _Hlt112655040}h{\*\bkmkend _Hlt112655040}ares be {\*\bkmkstart _Hlt113177374}o{\*\bkmkend _Hlt113177374}rdinary company shares? \ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 Tapered gain\cell }\pard \ltrpar \aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin720\itap0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\insrsid11078138 you are a higher rate taxpayer, or \brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth975\clshdrawnil \cellx5295\row \ltrrow}\pard \ltrpar\ql \li0\ri0\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\rtlch\fcs1 \af1\afs24 \widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\cf4\insrsid11078138 \trowd \irow2\irowband2\ltrrow\ts11\trgaph108\trleft-108\trbrdrt\brdrs\brdrw10 \trbrdrl\brdrs\brdrw10 \trbrdrb \aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin720\itap0 {\field\flddirty{\*\fldinst {\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\cf1\insrsid11078138 HYPERLINK \\l "s"}{\rtlch\fcs1 \af1\afs24 \ltrch\fcs0 \f1\fs24\cf1\insrsid11078138 {\*\datafield The annual exempt amount for tax year }{\rtlch\fcs1 \par Your plan shares are held in a trust for a holding period of at least three years. \par }{\rtlch\fcs1 \ab\af1\afs24 \ltrch\fcs0 \b\f1\fs24\insrsid11078138 \par The gain is the difference between the exit value (\'a312,000) and the sale price (\'a325,000) = \'a313,000
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