Two general requirements that ‘a CSOP scheme must meet’ are listed in ITEPA, Sch. 4, Part 2, including the important £30,000 limit on the value of shares subject to option grants ( ITEPA 2003, Sch. 4, para. 4). These are set out below.

General restriction on contents of scheme

In its original form, Sch. 4, para. 5 stated that ‘the scheme must not contain features which are neither essential nor reasonably incidental to the purpose of providing benefits for employees and directors in the nature of share options’. This has been replaced from 6 April 2014, as a result of Finance Act 2014 amendment.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.