Taxation of stock options

I need some advice on the taxation of stock options.
When I started my current job part of the contract was a stock option grant of 1500 shares.
These were granted after my probation period finished but I never did anything with them. They started vesting after 12 months and are currently vesting on a monthly basis. As of last week 500 of the 1500 were exercisable. I sold my 500 exercisable shares last week.
I need to know how these are taxed. Is it CGT or are they taxed under income tax rates?
Can someone explain what I need to do? What forms need to be filled out? By when? etc?

It will depend on whether the Share Scheme is approved or unapproved.

If unapproved, income tax payable on exercise, and if later sold any gain charged to CGT on increase in value from date of exercise.

If approved, CGT only payable on full gain.

Domo said:

It will depend on whether the Share Scheme is approved or unapproved.

If unapproved, income tax payable on exercise, and if later sold any gain charged to CGT on increase in value from date of exercise.

If approved, CGT only payable on full gain.

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Thanks. For unapproved and income tax, I think I need to submit to the collector general within 30 days of exercising? Do you know how I would go about this? Which form etc?

You need to complete a Form RTSO1 which you can download from www.revenue.ie and submit this with payment within 30 days of exercise.

You will also need to complete a Form 11 in due course for 2009 (by 31 October 2009)

Thanks a million for your help.