Next year, I will be able to exercise some options, in the form of approved CSOP shares (up to £30k), and unapproved.
I understand that I don't have to pay income tax on the approved plan,
How can I reduce the tax? Can I transfer £8k portions to different family members (wife, mother-in-law, father-in-law, brother-in-law, as long as they are not receiving anything already which will fall within the £8k allowance)? Does it matter if they live outside the UK but within the EU?
When do I need to do this? Do I do it before I exercise the options? How can I do this?
Any info appreciated.