Why use an Inland Revenue approved share scheme?
There are a number of very significant income tax and capital gains tax benefits to employees, if an approved share scheme is used and the terms are complied with, and the shares are held for the appropriate period, etc. For instance, gains in value under the share schemes are usually free of Income Tax and Capital Gains Tax. The company will also benefit through securing deductibility against its Corporation Tax liability.
Related Questions
- any shares which have been transferred from an HMRC approved SAYE share option scheme or Share Incentive Plan (see Can I put shares from my employee share scheme into my ISA?
- The Notice to File says the approved share scheme return must be submitted by 6 July 2007. Is this correct?
- Why have I received payment for Inland Revenue Construction Industry Scheme work but not a CIS25 voucher?
