As I understand, tax is levied in the year that options or shares are granted even if you haven't sold any to realise a gain, they're still assessed as income. you could pay the tax bill with spare cash if you have it or by selling other assets, but it's become pretty common to just sell some of the shares, neater I guess. I imagine the tax bill here was from last financial year.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.