Thomas Dalby

Thomas Dalby is a Director at Gabelle. He is a Barrister and Chartered Tax Adviser and has specialised in tax since 1996. Prior to joining Gabelle, Thomas worked at Deloitte where he was a member of the specialist Employer Consulting and Opportunities team for 14 years, advising clients ranging from FTSE 100 multinationals, established family companies to start-ups on employee reward structures. He has worked with clients on the whole spectrum of employee share ownership, including EMI, growth shares, joint ownership shares, statutory share plans, Employee Shareholder Status and bespoke share-owning arrangements. He has extensive experience in dealing with employee benefit trusts, including advising clients on mitigating their exposure to tax under the disguised remuneration rules and negotiating settlements with HMRC.


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Are share options always employment related?

Are share options always employment related?

The Employment Related Securities (ERS) legislation in Part 7 of Income Tax...

NCL Investments Case Study: Were the share options deductible?

NCL Investments Case Study: Were the share options deductible?

The Upper Tribunal has found for the taxpayers in a case mainly concerned with...

How is “Issued Share Capital” measured for ER purposes?

How is “Issued Share Capital” measured for ER purposes?

In Hunt v HMRC [2019] UKFTT 0210 (TC), the first-tier tribunal, which was heard...