New tax reliefs to encourage employee ownership
Date: 9th August, 2013 | Author: Cathy Corns | Comments: 0
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.
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