A share option is a right that your employer grants you to acquire shares in the company. Income tax will be due on any gain you make when you exercise, assignment or release the share option.
The tax due on the exercise of a share option is known as RTSO and this will be due within 30 days of exercising the options. You must also calculate the Universal Social Charge (USC) and Pay Related Social Insurance (PRSI) due.
You will have to file a RTSO1 Form when making your payment and also complete a Form 11 for every year that you exercise options.
*RTSO is due on the exercise of unapproved share options
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