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pay income tax and then CGT on top
Isn't the CGT only due on any increase in value over the purchase price (as set by the option), with income tax due on any beneficial pricing of the option? That doesn't sound that different to any other investment scenario where CGT would be due.
Of course, I may be wrong 🤷🏻♂️ #IANATA
I think it's a certain that a labour government will up the CGT percentage to nearer 40%. I hear what @andyp is saying but my wife gets a chunk of her salary as share options for which she'll pay income tax and then CGT on top which is a bit of a kicker when that lump sum is earmarked to live off.