Unapproved option schemes Flashcards
1
Q
Tax at Grant of option
A
No tax
2
Q
Tax at excercise date
A
IT and NIC on employment income
+ MV @ excercise date
- Less cost of option
- Less cost of shares
=Employment income
3
Q
Tax at sale of shares
A
CGT arises on gain
Sale proceeds
-MV when options excercised
=Chargeable gain
