Hi all,
First time user on this subreddit. My friend has a large amount of shares in a US company (3M) which he has had for many years. He has always paid income tax on the dividends that these shares have paid but now hes moving to retirement, he is looking to sell these shares and use the funds for his pension. As said, he has a large amount of shares in the company (close to 1000) and is concerned about the amount of tax he will have to pay on this being above the capital gains limit. He was wondering what is his best option? I'm not sure if there is a tax efficient way to do this or is there another option available to him?
Any help is appreciated and please ask for any more info.
Thanks!
Submitted March 04, 2018 at 01:41PM by Nadalin http://ift.tt/2oOBGDz
