Hi,
I have recently returned to college but had been working for a number of years where I was able to gain shares from a previous employer. This company has recently been taken over and they wish to buy out my shares. The shares would have been ready to mature in 2 weeks time but I have opted to take the generous amount that they were offering. I know that I will be subjected to income tax and CGT but as a student will I be able to claim the income tax back?
Also when is the best time to claim tax back for 2005. I hope to get a few quid from tax back as I had been working up until August before returning to college. I am currently in a part time position but I am paying emergency tax at the moment.
Thanks for your help.