Hi,
Last year the company I work for granted me a bunch of share options, which become exercisable in five batches, one per year for the next five. The first batch is eligible for exercise tomorrow.
The company is traded on the NASDAQ (although I am in the UK and contracted to the UK entity) and the options are handled through Morgan Stanley Smith Barney. According to the info pack I have, when I want to buy & then sell the shares available to me, I will receive the funds via payroll, with income tax and NI deducted. Question is, shouldn't it only be the initial share offering that is subject to NI, with the rest subject to CGT?
And if so, how would I go about rectifying this in the self-assessment? If I get the funds through payroll then won't it show up as income on my p60?
Last year the company I work for granted me a bunch of share options, which become exercisable in five batches, one per year for the next five. The first batch is eligible for exercise tomorrow.
The company is traded on the NASDAQ (although I am in the UK and contracted to the UK entity) and the options are handled through Morgan Stanley Smith Barney. According to the info pack I have, when I want to buy & then sell the shares available to me, I will receive the funds via payroll, with income tax and NI deducted. Question is, shouldn't it only be the initial share offering that is subject to NI, with the rest subject to CGT?
And if so, how would I go about rectifying this in the self-assessment? If I get the funds through payroll then won't it show up as income on my p60?