converting toxo to tox, page-4

RiffRaff...

The good news:
When you convert your options, you haven't actually sold anything, hence there is no capital gains to be paid at that point in time.

The "bad" news:
When you convert your options, time starts again. Therefore you will have to hold on to the FPOs for 12 months to get the capital gains discount.

If you are an investor/trader I would recommend you to get a qualified accountant. Couple of hundred bucks a year to do your tax is cheap in the overall scheme of things. And also it serves as an insurance :o)