In the recent Budget an announcement was made of the proposal that capital gains tax entrepreneurs’ relief be available on shares acquired through an EMI scheme. Some further information has been released which confirms this intention, although the details will not be known until the autumn.
The relief will apply to shares acquired on or after 6 April 2012 which are held for at least 12 months before selling. There will not, however, be the requirement to own at least 5% of the company to qualify for the relief. This is excellent news which could have a significant positive implication for you if you wait until at least 6 April before exercising your options.
It would be wise to seek advice before taking any action but please do take this opportunity to find out more in the event that you lose out!