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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retire in style checklist™

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If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Changes to the taxation of employee share schemes

Posted on Jul 13, 2015 by CFL Financial

Changes to the tax treatment of employee share schemes, which took effect on 1 July 2015, means employees can now share in and gain from the future growth and success of a business.

The changes allow employees, who are issued with share options, to defer paying tax until they are able to grasp a benefit from the options. The new 15-year tax deferral period gives employees enough time to cash in their shares and options while removing the risk of paying an unfunded tax liability. This was a reoccurring issue when the maximum period of tax deferral was seven years.

As part of the improvements, eligible start-up businesses will also be offered a tax discount on employee options and share schemes. However, the start-up business, the scheme and employee must meet specific conditions to be eligible for the start-up concession.

The start-up business:
– must not be listed on the stock exchange.
– have an aggregated annual turnover of no more than $50 million.
– must be an Australian resident business.
– must have been incorporated for less than ten years before the share or option is granted.

The scheme:
– a share must be issued at a discount of 15 per cent of the market price or less.
– options must have an exercise price that reflects the current market value of a share or a greater value.

The employee:
–  must hold employee share scheme interests for at least three years.

Employees who acquire shares and held them for at least 12 months will benefit from the 50 per cent Capital Gains Tax discount when they sell their shares, including employees who acquire options that qualify for the start-up concession.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 15, 10 Market Street,
Brisbane,
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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