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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

HM Revenue & Customs
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Company Share Option Plan (CSOP): Taxation: Non-residents and share options – Schedule 4 CSOP schemes

The principles at ETASSUM48210 apply equally to gains realised by internationally mobile employees from exercising options under Schedule 4 CSOP schemes in circumstances which do not satisfy the conditions for tax relief in Section 524 ITEPA.

(When producing explanatory booklets and guidance for participants in Schedule 4 CSOP schemes, scheme organisers should ensure that any information about the tax implications for non-residents accords with the practice set out above. If in doubt consult HMRC).