Selling shares back to company what tax?

[PosieParker]

DH has the opportunity to sell a % of his shares (he owns 5% of the company he works for) back to his company, will he have to pay 40%?

bump

Yes, it's a Capital Gain. But I am no expert........

CGT was reduced from 40% to 18% a couple of years ago, but then raised to 28% for higher rate tax payers only in the last budget.

DH has a personal allowance this tax year of £10,100, so if the gain (profit) is below £10,100 there is no CGT to pay.

If the profit exceeds the personal allowance, DH could transfer/gift some shares to you before you sell them. You both have the annual allowance, so that way, between the two of you, you could make a gain when selling the shares of £20,200 and still have no tax to pay.

thanks....all pie in the sky at the moment.,