QUESTs and takeovers

Note on the treatment of Qualifying Employee Share Trusts (QUESTs) on a takeover or other change of control including consideration of:

  • clawback of the the corporation tax deduction;
  • cash cancellation Sharesave options;
  • capital gains tax for the trustee on the transfer of shares to a sharesave optionholder within three years of grant.
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Keywords: Cash cancellation, CGT, EBT, SAYE, Takeover
Categories: Document archive, Transactions