Where shares are acquired by an employee, then he will be potentially liable to income tax on general principles under Schedule E by virtue of TCA 1997 s112 if such shares represent a perquisite or profit arising from his employment (Weight v Salmon 19 TC 174). The taxable amount of the benefit will consist of the value of the shares less any consideration paid by the employee. A similar analysis is likely to apply to foreign employments taxable under Schedule D Case III (i.e. those with non-Irish duties).
Where shares are acquired by an employee, then he will be potentially liable to income tax on general principles under Schedule E by virtue of TCA 1997 s112 if such shares represent a perquisite or profit arising from his employment (Weight v Salmon 19 TC 174). The taxable amount of the benefit will consist of the value of the shares less any consideration paid by the employee. A similar analysis is likely to apply to foreign employments taxable under Schedule D Case III (i.e. those with non-Irish duties).
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