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When a company grants an option to its employees or to the employees of an associated company to acquire shares, that option shall not be deemed to constitute a benefit, but the exercise by the employee of such an option shall be deemed to be a benefit provided by the employer company to that employee.
Relative rules set out the valuation of such benefit and taxation thereof, and on the capital gain on assignments to other persons.
Why should you have a share scheme?
There are many reasons why you may want to implement a share scheme, primarily to retain staff and enable employees to participate in the share ownership of the company.
How can Grant Thornton help?
Before deciding on the manner in which the scheme is to be implemented, it is important that you clarify the objectives it is to satisfy and consider these in the light of all of the different options.
There are also rules for disclosing share arrangements in a company's financial statements, so professional advice should be sought.
We have experienced personnel who can help you with setting up a share option scheme.
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