Sorry. I am a shareholder of the company (non listed) that I work for and was obliged to rollover 50% of my equity into a newly formed entity.
Just a couple of precisions: my shares had no voting rights and I held less than 1% of the total company shares.
Also the £20k original share price was for the total amount of shares so how much profit is subject to CGT now that I have received £50k in cash but am obliged to rollover £50k into a newly formed company?
Very well said I remember the saying from Benjamin Franklin. One last thing. How could the CGT be a mixture of 18% and 28% rate? My salary is £95k so surely I would have to pay 28% on the totality of the £29k gain?
Thank you BigDuck!