Market leading insight for tax experts
View online issue

SIP and twisted


My client owns a specialist furniture makers which is organised as a parent company that employs the directors and highly paid designers and cabinet makers; and a subsidiary that employs warehouse workers who handle the finished goods. After a key member of the design team left the directors decided that they needed to establish a share scheme to allow the design team to build up a shareholding in the company with a view to getting them to stay with the company until my client is ready to retire and potentially sell the business in seven years’ time. The client is too large to implement an EMI plan and doesn’t feel that an option plan would work. Would a Schedule 2 SIP work in these circumstances?


Share incentive plans (SIPs) are a...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.