Schedule 10 - Chargeable gains:
Finance Bill
12:45 pm
Mr Mark Field (Cities of London and Westminster, Conservative)
I appreciate that the Government want to ensure that there is an alignment of interests, as the
Economic Secretary rightly says. However, the concern is that at the time of the acquisition those interests may be very much aligned. As set out powerfully by my hon. Friend the Member for Fareham, it may be increasingly the case that acquisition, or options passed on, can only vest some years ahead. The provisions on the acquisition of such options may be being put into place for all the right reasons. However, as my hon. Friend rightly pointed out, if a company then gets taken over, an employee may find himself in very difficult situation several years down the line before he is able to develop the option.