Thanks for the response, I appreciate the feedback. That does answer some of my questions.
I would like to further query regarding the HMRC Company Share Option plan. How does this operate in practice and do you believe we would be able to set this scheme up now for options that are already vested - for example if we do not take this offer of the option buyback but look to exercise these options after this event. Could we register for this scheme at this stage and benefit from the £30k exemption or would this have to have been done in the beginning when the options were granted and the plan commenced?
I'm afraid that you cannot set up a CSOP to cover existing share options. It has to be done in advance. Making a US scheme UK tax friendly is a complicated process but there are specilaist advisers in the UK who can advise on that. I'm afraid that the horse has bolted in your case.
Thanks again for the advice. This is what I expected but had hoped would not be the case!
One last question on the same topic please - if options are granted in future ( so not currently granted but perhaps to be granted in future under the same scheme ) do you believe there is a way to include these into a CSOP?