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Reply to: Is this legal?

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Previously on "Is this legal?"

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  • tim123
    replied
    Whether legal or not, it's systematically incorrect.

    You only pay tax at 10% on gains, if you have held the share (business asset) for two years.

    Immediately buying them back, doesn't look to me like it satisfies this criterion.

    tim

    Leave a comment:

  • sanjayc
    started a topic Is this legal?

    Is this legal?

    I'm kinda new so go easy on me. I found a company that says that they can pay me a minimum wage plus options to buy future priced shares (0.01 pence or so) which they imediately buy back at a much higher value. This means that i only pay 10% capital gains on the bulk of my salary?

    Does anyone know if this is legal?

    Thanks
    Tags: None

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