ESOP Series #2: Eligibility Criteria for the Startup Concession standard

Following on from our first article we are going to go through the eligibility criteria to implement an employee share scheme under the Startup Concession. In designing and implementing an Employee Share Scheme under the Startup Concession the following conditions need to be met: The general eligibility criteria for all ESS. The Startup Concession company criteria. The Startup Concession offer criteria. General ESS Conditions Employment requirement: The taxpayer must be “employed” by the company that issued the ESS interest or its subsidiary at the time of acquiring the interest. Employees can include current, past or prospective employees and their associates. For the purposes of the ESS rules, directors and independent contractors are also treated as employees. Ordinary share requirement: when your employee acquires ...

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