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Employee Share Plans

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16 March 2008
Card image Alison Hughes
Card image Richard Rolls
 
Richard Rolls and Alison Hughes of KPMG LLP look at how the new capital gains tax rules including entrepreneurs' relief will affect employee share plan participants
 
Changes to the capital gains tax (CGT) regime were announced in the Pre-Budget Report last October. For disposals after 5 April 2008 taper relief is abolished and CGT will generally be charged at a flat rate of 18%.
 
There will be winners and losers for employee share plan participants (see David Cohen's article in The Tax Journal Issue 907 29 October 2007). In this article we review the position now that the draft legislation has been published and look at the new entrepreneurs' relief announced in January.
Employees Without Taper Relief

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