Under a Revenue approved profit sharing scheme, an employee can be given a small numer of shares, tax-free, each year.
Under such schemes, an employee in exercising the options can, in some cases subject to certain conditions, be free of income tax.
An employee who subscribes for shares in an Irish resident company in which they are employed can claim an income tax deduction for the cost of making the purchase.
To avail of these relief's a number of restrictions apply as to the type
of shares, the manner in which they are held and the disposal rights.
If you require more information please consult your tax advisor or email us at tax@fixmytax.com. |
