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HMRC internal manual

Capital Gains Manual

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HM Revenue & Customs
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Company Share Option Plan (CSOP): employer: CGT

Capital Gains Tax liabilities may arise on

  • the grant of the option and/or
  • the exercise of the option.

The capital gains consequences for the employer are the same as for options granted or exercised under an unapproved scheme, seeCG56373.

For more detail concerning the disapplication of the market value rule, S17(1) TCGA92, if an option is satisfied by the transfer to the employee of existing shares see CG56425.

If an option is replaced, see CG56389.