Options to Purchase
Options to purchase (or sell) and pre-emption agreements require specialist advice and expertise as they can contain hidden or implied responsibilities and consequences which can cause significant and long-term damage to the parties involved.
The two sorts of arrangement might appear to be the same, but there are significant differences between them.
The use of options and pre-emption agreements create very different tax positions and any negotiation of an option or pre-emption agreement should be carried out with the benefit of professional accounting as well as our legal advice.