I invested 35k into a business in 2010, I worked in the business taking low wages to get the business up and invested profits to grow the business.
In return, I was allocated shares in lieu of the service contract to offset the low salary, the shares were fully vested on the date of issuance. These I understand are RSU, the value at the times was higher then what they were when I sold my shares.
I sold the majority of my shares in November 2019, the valuation was much lower than the valuation various points when the shares/RSU was issued to me, how would the tax be calculated now? say the valuation was double when they were issued to me but when I sold my shares, they were worth half.
Is there a way to offset the tax? how would Entrepreneurs relief work with this?
In return, I was allocated shares in lieu of the service contract to offset the low salary, the shares were fully vested on the date of issuance. These I understand are RSU, the value at the times was higher then what they were when I sold my shares.
I sold the majority of my shares in November 2019, the valuation was much lower than the valuation various points when the shares/RSU was issued to me, how would the tax be calculated now? say the valuation was double when they were issued to me but when I sold my shares, they were worth half.
Is there a way to offset the tax? how would Entrepreneurs relief work with this?