Have Tax Questions? Ask a Tax Expert for Answers ASAP
Thanks for your question - I am Sam and I am one of the UK tax experts here on Just Answer.
At the time of each conversion it depends which option you took as to whether you use the original purcahse price - ir the newer price.
Can you advsie further -
Then as you had no payment made at each conversion - then you will use the original share price as the acquisition price which is deducted from the sale price to create the gain - and of course the first £11,100 is tax free - and any remaining gain liable to either 18% or 28% or a mix of both (depending on your annual income and what unused basic rate band applies