London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

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

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole is taking part in the St Albans Advent Trail bit.ly/2zIk3M8 #StAlbans @StAlbans_BID pic.twitter.com/LEigrvkadz

Mercer & Hole’s Milton Keynes team support Dogs for Good with festive treats bit.ly/2rohNow @DogsForGoodUKtwitter.com/i/web/status/1…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn