A company is considering cancelling its unapproved share options prior to the company's likely sale.
The employees with receive cash 'compensation' for the cancellation which I believe will be subject to tax/NIC as employment income.
On this basis I also believe that the company will be entitled to claim a Corp tax deduction...
Any comments on the above will be appreciated.
Corporation Tax deduction - cancelling unapproved options
2 posts • Page 1 of 1
Corporation Tax deduction - cancelling unapproved options
by GL on Tue Sep 06, 2011 3:23 pm
- GL
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- Joined: Wed Aug 06, 2008 3:52 pm
Re: Corporation Tax deduction - cancelling unapproved options
by Incredulum on Tue Sep 06, 2011 5:44 pm
I should be rather surprised if a payment of salary compensation to an employee were not wholly and exclusively for the purposes of the company's trade/for the purposes of managing its investments.
- Incredulum
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2 posts • Page 1 of 1
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