Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Plans definition

What does Plans mean? Describes the set of design and technical documents for a project. In practice, parties use Plans to mean the drawings and related information that describe the works and are relied upon for design, planning, procurement and construction. The term is not generally defined by statute or case law; its scope is fixed by the contract or licence. Plans means all plans, drawings, models, specifications, reports, design documents and any other materials provided by the Licensor for the purposes of the Project, in hard copy or electronic form, including (without limitation) CAD/BIM models, federated models, schedules, surveys, calculations, method statements, datasheets and...

Transferring businesses and subsidiaries within a group: share scheme implications for SIP, SAYE, CSOP, EMI, eligibility, corporation tax and redundancy

Published by a LexisNexis Share Incentives expert

Practice notes

Introduction

Groups of companies carry out reorganisations for numerous and varied reasons; however, whatever the motivation, such changes frequently influence existing share plans and other employee equity arrangements. At times the effect is commercial, yet it is important to take care that any valuable tax advantages are not forfeited.

transferring the business of one group company to another group company, often arising from an acquisition or to enable the sale of a specific part of the business and its assets
transferring the shares of one subsidiary to another subsidiary so the group achieves the most suitable structure, often following an acquisition or sale of a business, and
inserting a new group holding or parent company above an existing parent company, typically to facilitate an initial public offering (IPO) or a new third-party investment, without any change to the group’s ultimate ownership

This Practice Note concentrates on the first two forms of reorganisation mentioned above. For details on the impact of placing a new holding company or parent company on top of...

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Sara Cohen

Lewis Silkin LLP

Sara is a tax lawyer and has been specialising in the field of executive and employee incentives and equity acquisitions, in addition to general employment tax, for over 19 years.Sara’s practice includes a wide range of arrangements from bonuses and employee benefit trust arrangements to approved and unapproved equity-based incentive plans for both listed and private companies....

Karen Cooper

Cooper Cavendish

Karen is an experienced employee benefits lawyer with more than 20 years’ experience in advising companies of all sizes in relation to their employee benefit and remuneration issues. She trained and worked for leading law firms Baker McKenzie LLP and Linklaters LLP and spent three years as a remuneration consultant at Ernst & Young LLP. Prior to co-founding Cooper Cavendish, Karen headed up Osborne Clarke LLP's employee benefit practice for 15 years.Karen is a thought-leader and regularly speaks and presents at industry conferences and events. She is a member of the Small Quoted Companies Alliance Share Scheme Committee and the Share Plan Lawyers Organisation.Karen is also the author of a wide range of legal publications including the chapter on executive remuneration in Sweet & Maxwell’s ‘Corporate Governance’, the chapter on employee share schemes in Jordan’s Company...

Web page updated on 22/05/2026

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