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Swapping ‘Shares for employment rights’ scheme

Further to our recent blog it appears that the plans for a new capital gains tax exemption for ‘owner-employees’ who forgo some of their employment rights could meet opposition from the EC.  Furthermore, the Treasury has confirmed that the initial transfer of shares to an employee will be chargeable to income tax and potentially national insurance contributions in the usual way.

I think it is fair to say the proposal has met with a mixed response and I await the final consultancies with interest.



Date: 2nd November, 2012
Author: Cathy Corns


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