Questions and Answers
Is CGT due when I sell Share Options?
I have sold shares and made a profit. I know that income tax was deducted on my payroll. Do I need to pay Capital Gains Tax (CGT) and if so when?
The short answer here is yes!
When you sell your shares, whether you obtained your shares through an Approved or Unapproved Shares Scheme, you will need to calculate your CGT liability and pay it if there is tax due.
If the shares are sold on or before 30 November then CGT is due by 15 December in the same tax year, while if the shares are sold during the month of December the payment date is 31 January in the following year.
Read more about paying tax on shares here
Date published 22 Mar 2022 | Last updated 5 Jul 2023
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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