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FAQ: What if I keep the shares after I take them out of the plan and sell them later?
Capital Gains Tax (CGT) may be due if you make a gain when you dispose of your shares or other assets. You can make gains up to the annual exempt amount each tax year without having to pay CGT. The annual exempt amount for tax year 2004/05 is £8,200. You have an annual exempt amount for each tax year but you cannot carry it forward if you do not use it.
Share Incentive Plans give you a special CGT advantage: if you keep your shares in the plan until you sell them, you will not have to pay CGT on any gains you make, however large.
Source: Inland Revenue
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