Changes to employee share schemes

Changes to employee share schemes

The government has announced that, effective 1 July 2015, it will claw back many of the former government’s changes to the taxation of Employee Share Schemes.

While the Treasurer will consult with industry in finalising the draft legislation, the main proposal centres around discounted options generally being taxed when they are exercised (converted to shares), rather than when the employee receives them.

Please Note: Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.