Filing your tax return

Share options

You may have acquired shares at less than their market value under an Unapproved Share Option Scheme. If so, you are due to pay Income Tax on your income gain arising. The income gain is the difference between the market value on the exercise date and the price you paid, if any, to acquire the shares.

Gains on share options realised on, or after, 1 January 2024

You may realise a gain by exercising, assigning or releasing share options. If you do so on, or after, 1 January 2024, your employer will account for the following through payroll:

  • Income Tax
  • Universal Social Charge (USC)
  • Pay Related Social Insurance (PRSI).

You will not be required to file an Income Tax Return regarding this event.

Note

You can find information on gains on share options realised prior to 1 January 2024 in the Unapproved share option schemes section.