These are schemes by which an employee has a right to purchase
shares at a fixed price. In the event of death/transfer within the
option period, the employee or their lprs (
IHTM05012) may have the right to
exercise the option within say, the next 12 months; if so, the
option is a chargeable asset of the estate.
The value of the option is not necessarily just the
difference between the value of the shares at the date of
death/transfer and the option price - there is the possibility that
the shares will increase or decrease in value before the option
expires, the option price being fixed however.
