The area of taxation of share options has been an area of significant focus for the Revenue Commissioners in recent times.
In the majority of cases this perk is seen as additional income and you are obliged to include it on your tax return and pay any taxes due to Revenue.
You may be liable for tax twice on these share options:
- Income Tax when the option is granted
- Capital Gains Tax when the shares are sold
Disclaimer: Advice shared in this blog is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.