Jurisdiction(s):
United Kingdom

Key definition

Share definition

What does Share mean? A share is a unit of ownership in a company used to allocate control and economic benefit among shareholders in corporate governance and transactions. Company law in the UK (Companies Act 2006) and Ireland (Companies Act 2014) sets the framework for shares and shareholder rights, though the precise rights arise from statute and the company’s constitution. Key features include: a bundle of rights (typically voting, dividends, information and a share of surplus on winding up); limited liability (exposure capped at any unpaid amount on partly paid shares); transferability subject to statutory and constitutional restrictions; and legal title evidenced...

Questionnaire for selecting UK HMRC tax-advantaged or unapproved employee share schemes (EMI, CSOP, SAYE, SIP) and alternatives, including growth shares, JSOPs, restricted shares and phantom/SAR awards

Published by a LexisNexis Share Incentives expert

Precedents

FORTHCOMING CHANGE:

On 26 November 2025, as part of Budget 2025, the government announced changes due to commence on 6 April 2026. The EMI gross assets threshold will increase from £30 million to £120 million, the upper limit on full‑time equivalent employees will rise from 250 to 500, and the overall cap on the value of unexercised EMI options that a company or group may have outstanding at any one time will go from £3 million to £6 million. In addition, the maximum EMI exercise period will be extended from 10 to 15 years, and existing EMI options can be amended to adopt this longer exercise period without losing tax advantages, provided such amendments are consistent with the legislation that will form part of Finance Bill 2025–26. Furthermore, with effect from April 2027, the obligation to notify HMRC of the grant of EMI options for them to take effect as qualifying options will be removed. This change will be legislated in Finance Bill 2026–27. These measures were confirmed as part of Budget 2025 and will be set out in the Finance Bills accordingly...

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Web page updated on 22/05/2026

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