Is Time Running Out on Employee Shareholder Status?
The Employee Shareholder Status provides for employees to receive shares with a value of between £2,000 and £50,000, subject to income tax on the excess over £2,000. The key advantage is that on sale, the gain on the shares is exempt from capital gains tax. In return for the free transfer of shares, employees have to give up certain employment rights.
However, the Labour Party is not a fan of the Employee Shareholder Status legislation and has undertaken to abolish it if it is returned to power following the election.
Time is definitely running out for anyone who is interested in going through with the planning.
Date: 6th May, 2015
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