Hello all.
I've recently been offered stock options under an ESOP from a company which satisfies the eligibility criteria for a start-up. My own offer also satisfies the start-up concession criteria as well. Vesting will start from April 2025 and options will vest as per the default vesting period (25% in the first year and so on).
I'm a bit confused as to what the reporting requirements would be from my end at tax time though. The tax return page here: (https://www.ato.gov.au/businesses-and-organisations/corporate-tax-measures-and-assurance/employee-share-schemes/employees/ess-and-your-tax/tax-return) only lists taxed-up-front and deferred schemes, and makes no mention of the start-up concession scheme.
So my questions are:
- Am I correct in assuming I will not be required to report anything relating to the ESOP for FY 2024-25 since no vesting will have occurred ?
- Will I be required to report my ESOP interests for FY 25-26 at tax time in 2026 ?
- If yes on point (2), will I need to provide documentary evidence for qualifying in the start-up concession scheme ? Or is it expected that the employer will provide this when reporting my options to the ATO ?
Thanks in advance !
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