Share subscriptions and non-tax advantaged arrangements

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Share subscriptions and non-tax advantaged arrangements guidance:

Companies Act 2006 Private Company Limited by Shares Articles of Association of [insert name of company] Limited (Incorporated in England and Wales under registered no....

Precedents

Produced in partnership with Stephen Diosi and Caroline Nye-Wilkins of Mischon de Reya This Deed is dated [insert date]. Parties 1 [Insert name of company] with company...

Precedents

[insert name of company adopting the unapproved option plan] (Company)—[insert Company number] Minutes of a meeting of the[ remuneration committee of the] board of...

Precedents

[insert name of company adopting the unapproved option plan] (Company)—[insert Company number] Minutes of a meeting of the[ remuneration committee of the] board of...

Precedents

When a person disposes of an asset and makes a profit that is capital in nature, this has the potential to be a taxable capital gain. It may be possible to avoid a tax...

Practice Note

Entrepreneurs' relief is a capital gains tax (CGT) relief designed to encourage individuals to set up and expand their own businesses. Provided that the conditions are...

Practice Note

Companies in both the US and the UK have a long history of involving employees in equity ownership, and both countries have provided tax breaks and implemented other...

Practice Note

Convertible securities are: • employment-related securities (see: What is an employment-related security?) • with the capacity to convert into securities of a different...

Practice Note

This note explains the income tax treatment of convertible securities. The definition of convertible securities is set out in Convertible securities—definition. The basic...

Practice Note

[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (Company) Option to be granted...

Precedents

[insert date of letter] [insert name of employee] [insert address of employee] Dear [insert name of employee] [insert name of Company] (Company) I am delighted to notify...

Precedents

I, [insert full name of option holder], refer to the option over [insert number and class of shares under option] shares of £[insert nominal value of each share under...

Precedents

Archived: The ability to offer tax-favoured employee shareholder shares or ESS (commonly used in private equity company arrangements) has been removed. The government...

Practice Note

STOP PRESS: The ability to offer tax-favoured employee shareholder shares or ESS (commonly used in private equity company arrangements) has now been removed. The...

Practice Note

Employers (or other responsible persons) are required to provide specified information to HMRC in relation to reportable events involving employment-related securities or...

Practice Note

What are growth shares? Growth shares, also known as value shares or hurdle shares, are a special class of shares that have restricted rights. These rights are designed...

Practice Note

What are growth shares? Growth shares are ordinary shares that do not participate in the relevant company’s capital value until a specified value hurdle has been...

Practice Note

[INSERT NAME OF COMPANY] growth SHARES This note summarises a proposal to incentivise key employees of [insert name of company] (referred to below as the ‘Company’) by...

Precedents

What are growth shares? Growth shares, also known as value shares or hurdle shares, are a specially constituted class of shares which have restricted rights. These rights...

Practice Note

The procedure for making joint restricted securities elections is the same regardless of whether the election is made under section 425(3), 430 or 431 of the Income Tax...

Practice Note

[TO BE PRINTED ON COMPANY HEADED NOTEPAPER] [date] To [insert name] Right to acquire ordinary shares in the capital of [name of company] 1 [insert name of company]...

Precedents

Produced in partnership with Jeremy Glover of Reed Smith Archived: This Precedent is for illustrative purposes only as it reflects the position up to 1 December 2016. The...

Precedents

The stated purpose of National Insurance contributions (NICs) is to fund and enable eligibility for certain state benefits, such as the state pension, and other social...

Practice Note

The stated purpose of National Insurance contributions (NICs) is to fund certain state benefits such as the State Pension, as well as other social security benefits such...

Practice Note

The stated purpose of National Insurance contributions (NICs) is to fund certain state benefits such as the State Pension, as well as other social security benefits such...

Practice Note

Overview of nil paid and partly paid shares The opportunity to subscribe for or purchase shares nil or partly paid has been and continues to be a commonplace means of...

Practice Note
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