I am aware that HMRC take the view that payment for shares must be in cash, although there appears to be no legislative authority for this stance. Does anyone know if a similar view is taken, by HMRC or elsewhere, in relation to a grant of EMI options - ie if one does need to pay cash for the shares, could one instead transfer an asset as consideration for the option?
9th Nov 2018
1
Shares and options
Payment in cash?