Taxation of employee share and option plans – legislation tabled

The Bill to enact the proposed new regime for the taxation of employee shares and options was tabled in Parliament on Tuesday, 20 October 2009. It largely replicates the August exposure draft but there are both important new rules, and some previously announced rules which regrettably remain as they were. The explanatory memorandum also now provides more explanation of the new rules, including further key examples of a “real risk of forfeiture”. This Tax Brief outlines highlights the new and unresolved issues that are important for groups now gearing up for the new regime.  For our full Tax Brief - click here