Hi
I have a question. So if the employee is rewarded with shares and pay income tax & NIC on the grant of free share.
Would the amount of tax paid be deducted from the proceeds if he were later to sale the shares (for CGT calculation) - as the cost of share acquisition?
Many thanks
Trang
Ask the Tutor ACCA TX-UK
CGT on sale of shares
Share schemes are not within your syllabus but any income tax or NIC paid would not be allowable deductions in computing a chargeable gain
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