Exercising share options

A. When a share option has been exercised and it gives rise to a charge to Relevant Tax on Share Options (RTSO), a tax return (Form 11) for the relevant tax year must be made.

If you exercised options in 2017 then your Form 11 return is due to be filed on or before 31 October 2018.

The tax return should include details of your income from all sources for the tax year of assessment in which the option is exercised, including the gain on the exercise of the share option. The RTSO already paid will be set against the total income tax liability for the year

Date published 19 Apr 2018

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.