Policy paper
Income Tax and Capital Gains Tax: employee shareholder status
This legislation removes the Income Tax reliefs on the receipt or buy-back of shares issued to an employee under an employee shareholder agreement made on or after 1 December 2016.
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Details
The measure is part of the government’s wider policies of sustainability and fairness in the system of tax reliefs. There is evidence suggesting that the employee shareholder status is not being used as intended by companies.