Exercising share options

Q. Apart from filing the RTSO 1 form when I exercise share options, am I obliged to file any other forms?  

20th April 2018

A. When a share option has been exercised and it gives rise to a charge to Relevant Tax on Share Options (RTSO), a tax return (Form 11) for the relevant tax year must be made.

If you exercised options in 2017 then your Form 11 return is due to be filed on or before 31 October 2018.

The tax return should include details of your income from all sources for the tax year of assessment in which the option is exercised, including the gain on the exercise of the share option. The RTSO already paid will be set against the total income tax liability for the year

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