Tax Planning Idea of the Week!
Company Share Option Plan (CSOP) – reward employees with equity options
A CSOP is a tax advantaged discretionary share option plan under which a company may grant share options of up to £30,000 to any employee or full-time director. It is more flexible than an EMI Scheme, as there are no limits on company size or number of employees, so a CSOP can be used by larger companies, listed organisations and those whose trade excludes them from implementing an EMI (such as property development or leasing businesses).
As always, the key to successful tax planning is to seek advice as early as possible.
If you would like more information or would like to discuss your tax affairs in more detail please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams on the details below: