Capital Gains Tax CGT Changes Affect SAYE plans
Published / Last Updated on 10/03/2008
Capital Gains Tax CGT Changes Affect SAYE plans
Capital gains tax CGT changes will affect 270,000 SAYE plans according to ProShare.
New capital gains tax CGT changes introduced by the Treasury may affect the 270,000 Save As You Earn employee shareholders. The current capital gains tax CGT regime means that basic rate taxpayers who have held shares in their employer for at least two years are only subject to a 5 per cent capital gains tax charge.
The changes that the chancellor has made means that these employee shareholders will have to pay an additional tax on gains from April 2008.
Our view
Capital Gains Tax CGT affects many areas including holiday homes, shares, unit trusts and business ownership. There have been some significant winners and losers. We suggest you need to seek capital gains tax CGT advice.
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