Filing your tax return

Share options

You may have acquired shares at less than their market value under an unapproved Share Option Scheme. If so, you are due to pay Income Tax on your income gain arising. The income gain is the difference between the market value on the exercise date and the price you paid (if any) to acquire the shares.

To pay your Income Tax on these share options, you need to complete and return your Income Tax Return (Form 11). You need to do this by 31 October in the tax year immediately after you receive the share income.

Your tax return must contain details of all taxable income, including share option gains for the particular tax year, and any payments for:

  • Relevant Tax on a Share Option (RTSO)
  • Universal Social Charge (USC)
  • Pay Related Social Insurance (PRSI). 

Any payments made will be set against your total Income Tax, USC and PRSI liability for the particular tax year.

You can find more information on the Unapproved share option page.