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Yep, but he's only just been granted the options and is expecting to exercise and sell next year. He wont meet the minimum time period for Approved options to be tax-free....

From what you've said, and making some hopfully reasonable assumptions, I would guess that your options are in an Unapproved scheme (small employers are less likely to go to the hassle and cost of setting up an Approved scheme). Also, even if the Scheme is Approved, you won't have met the...

This is an area I have a lot of experience in (there had to be one eventually!), having set up 5 schemes over the last few years in different companies. Share options are not necessarily taxable. Many companies will set up an "Approved" (by HMRC) scheme for their employees, whereby, providing...