New tax reliefs to encourage employee ownership
A recent HM Treasury consultation, supporting the employee-ownership sector, proposes two new tax reliefs aimed at encouraging share ownership among employees.
The Government is looking at introducing two tax reliefs designed to promote indirect employee ownership structures:
- Capital gains tax relief on the sale of a controlling interest in a business into an indirect employee ownership structure, e.g. an employee share trust.
An income tax and National Insurance Contribution exemption for employees of companies where a significant proportion of the company is owned by an employee benefit trust.
Date: 9th August, 2013
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Our Corporate Finance Team has been shortlisted for Corporate Finance Advisory Firm of the Year at the Insider Cent… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole