I've been part of a share saver scheme at work now for nearly 3 years where £xxx amount of money gets taken from my monthly salary (before tax) and put into the scheme. After a 3 year period I get the option to buy the shares at a share price agreed at the beginning of the term. My three years is up very soon and want to pull the money out as the share prices have almost doubled, what i'd like to know is am I due to pay any tax on the profit i've made on the shares? I've heard a rumour that i have to pay 40% on any profit earned from the shares (capital gains tax??).

Does anyone know where I stand as our HR dept are in India and fookin useless!!

Cheers