Reaction and analysis of personal tax measures and reliefs announced in the 2013 Autumn Statement

CGT relief for employee share ownership

The plan to extend employee share ownership has been tweaked, increasing the tax breaks for employees taking up the option in a bid to persuade companies to take up the government's so-called John Lewis ownership model, which has met lukewarm response from business so far.

To drive interest in the scheme, in AS2013, the government will provide additional funding of £25m to support employee ownership, taking the total package for this sector to £75m annually.

This will be used to fund a relief from capital gains tax on disposals of shares that result in a controlling interest in a company being held by a trust used as an indirect employee ownership structure.

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