Options tax reform revised

Workers who made a capital gain by selling shares or options in the second half of 2005 will be subject to pay tax of 25% on their gains, the Tax Authority said Wednesday.

Workers who made a capital gain by selling shares or options in the second half of 2005 will be subject to pay tax of 25% on their gains, the Tax Authority said Wednesday. The Tax Authority said the announcement clarified that laws passed by the Knesset last year regarding the reforms for income tax applying to capital gains were relevant for the last six months of 2005 for options taken 30 days after the option was granted.