question from my collegues

[comeracing]

a few lads in our office have purchased shares,i know if we sold our shares given to us by the company we would pay tax after 3 years,but what about selling your own personal shares you have bought one lad has bought 8 grand and another 5 grand that I know about in our place,they are thinking of selling in 2014,would they pay tax,or just pay a small fee for selling.

[shepherdess]

If they sell and make more than 10.900 profit you pay tax but on 8000 pounds worth the profit on todays price is 5500 so no tax