David Pett

Practice Areas

Al direct UK taxes; employment-related securities; EMI; CSOP and SAYE options; share plans; ‘growth’ shares; JSOPs; employees’ trusts; EOTs; employee buyouts; disguised remuneration; employment income; inheritance tax aspects of employees’ trusts; Trust law; Company law; EIS and venture capital investments; Protection of management interests on a company sale; Company reorganisations; Professional negligence claims relating to tax matters; ‘Transactions in securities’; Share buy-backs; Tax treatment of close companies; Acting as expert witness. Cases: Glais House Care Homes; Vermilion v HMRC

Career

Trained at Clifford-Turner tax dept (1980-1983); equity partner Pinsent Masons (from1985 – 2009) and Head of Tax (1996-2001); founding partner independent specialist law firm (2009-2017); transferred to the Revenue Bar (Temple Tax Chambers) in 2017.

Former member of government advisory group on EMI options and Share Incentive Plan (1999-2000); Public Member, Network Rail (2002-2011).

Professional Memberships

Solicitor (non-practising); Revenue Bar Association; ESOP Centre and Share Plan Lawyers Group

Publications

Current: “Employee Share Schemes” (Thomson Reuters looseleaf 1995-date); “Employee ownership Trusts; (Claritax Tax Guide 2022); “Disguised Remuneration and the Loan Charge” (Claritax Guide 2020).

Earlier: Dept for BEIS : Employee ownership: company model documentation (2014); “The use of trusts with employee share schemes” (Longmans Inte ligence Report); Practical Guide to Employee Share Schemes