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Original poster

Capital gains shares/savings/dividends

28 replies

Impatient1987 · 02/10/2025 18:47

Hi all,

Forgive my complete ignorance but for the first time ever I think I need to pay capital gains tax. Wanted to check what im paying it on and I have 3 "gains" in question:

  1. sale of shares (ordinary shares not SIP) - i believe I need to pay tax on the profit only (minus 3k allowamce). For clarity these were bought in an employee share scheme and matured between 2017 and 2023. 2)savings interest 3)dividends - some are from SIP shares (are these subject to capital gains?) Some from ordinary shares

Are those all correct to report? And any advice or tips on how to report?

Im a higher rate tax payer on PAYE.

Thank you

OP posts:
Original poster
Impatient1987 · 04/10/2025 19:04

Wot23 · 04/10/2025 14:53

for the SAYE shares you will calculate your gross gain using the option purchase price and the actual selling price

if your scheme paid a bonus ("interest") on maturity then that monetary value is free of income tax provided it is used in full to purchase the shares., eg: you saved £100 per month for 3 years (total £3,600) and get a bonus on maturity then your purchase cost will be 3,600+bonus x option price.

assuming you have no other capital gains that tax year you can then deduct your CGT allowance of £3,000 to give the next taxable gain. If that is a positive figure you will declare the calculation and pay the CGT at 24% as part of your annual self assessment tax return

if you have already sold the shares on or before 5th April 2025 then they fall in 24/25 tax year and you have until tomorrow, 5 Oct 25, to register for SA (if not already in it). If sold after that date you have until 5 Oct 26 to register

for the cash savings interest you will declare it as part of your SA and will get the £500 personal savings allowance as a HR taxpayer.

for the dividends from your shares you will declare them as part of your SA and will get the £500 dividends allowance as a HR taxpayer.

Show quote history

Thank you thats really clear

OP posts:
Original poster
Impatient1987 · 04/10/2025 19:09

BadgernTheGarden · 04/10/2025 15:29

If you do a self assessment you just fill everything in (earnings, savings interest, dividends, capital gains and anything else) and it gets calculated for you. If you don't understand it all trying to just report odd bits that you think you need to may put you in a problem with HMRC if you get it wrong. I'd go for the self assessment, or ring up HMRC and explain it all.

Self assessment runs from April to April and you report everything during the period by the following January. So now reporting April 24 to April 25 due January 26.

Edited

Thanks, yes think it'll be easier to pull everything together at once. And when doing the SA I dont need to add in the allowances (3k CG and 500 for savings interest and dividends) HMRC do it for me?

OP posts:
Wot23 · 04/10/2025 20:38

Impatient1987 · 04/10/2025 19:09

Thanks, yes think it'll be easier to pull everything together at once. And when doing the SA I dont need to add in the allowances (3k CG and 500 for savings interest and dividends) HMRC do it for me?

Show quote history

for the avoidance of doubt you have no choice about "pulling everything together"

once you are in SA you HAVE to declare EVERYTHING that happened between 6th April 25 and 5th April 26.
If you sold shares before that date then they are part of the 24/25 tax return, you cannot pick and chose when to declare your income (earnings, interest & dividends) and CGT
Submitting the SA online will indeed do the net tax owed calculation for you

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