Welcome to Dalby on Employee Share Schemes.

The current regime for taxing employee shares can be traced back to FA 2003. This Act represented a complete revision of the relevant rules, and substantially amended the freshly re-written Income Tax (Earnings and Pensions) Act 2003.

The underlying principle of the FA 2003 regime is that value "gifted" to an employee is taxed as employment income, while organic growth in the value of securities benefits from capital treatment.

That underlying principle is worked out through a series of approved schemes, each with its own advantages and restrictions. This book examines the different schemes and offers clear and practical guidance for employers considering the implementation of such schemes and for their professional advisers.

The author, Thomas Dalby, has more than 20 years' experience as a chartered tax adviser and as an employed barrister. He has advised on the design and implementation of a wide variety of share option schemes.