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My client was given share options by the limited company for which he had been working. I understand that the shares would qualify for enterprise management incentives (EMI) treatment.
He received the following:
- 208 333 options at £1.20 (which is the maximum of £250 000).
- 41 667 further options at £1.20 making 250 000 shares.
After three years he exercised all the options. Shortly after that he sold 200 000 shares at £2.75 and later sold 25 000 shares at £2.40 and then 25 000 shares at £2.50.
The matching of sales to purchases may be important as entrepreneurs’ relief may be available.
Could Taxation readers assist with the tax calculations?
Query 19 479 – Sweeney Tod.
Reply by Aleksandr Orlov
Did the disposals occur on the same day as options were exercised?
It is worth starting by noting that...
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