Selling company shares

[LucheroTena]

DH has been given company shares, over 3 years. The first years worth have just come in and he can sell them any time back to the company. They’re currently worth approx £65,000.

We’d like to cash in the first lot.

He’s on PAYE and earned over £100k last year. So this will mean over £165k.

I guess he’ll need an accountant but is there any tax efficient way of doing this?

Thanks

You need a financial adviser rather than an accountant. They'll advise if the tax implications too. You can search for a local one on unbiased.co.uk

*of not if

Thanks plug

You would be best going to the legal firm or accountancy firm who set up the scheme. The shares could be in an HMRC approved scheme or unapproved but subject to specific tax relief such as ER or EMI. An IFA can help with the investment of the money but you need to get the tax advice first which may affect the timing and amounts you receive.