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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:

  1. 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.
  2. 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
Author: Cathy Corns

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