Sarah Nicholson answers a query on the impact of the proposed measures on share option gains
My clients know that the Finance Act 2013 made the exercise of options granted under company share option plans (CSOPs) and savings-related share option schemes (also known as SAYE or sharesave) more favourable on a change of control of the grantor company. Now they are asking about the new proposals in the 2014 Finance Bill relating to the exercise of options on a change of control and corporation tax deductions and whether they should amend their share scheme rules to reflect these changes. What should I tell them?
Before last year’s Finance Act the exercise of CSOP or SAYE options in the event of a change of control of the company...
