Mike Lane and Richard Jeens examine the options available and the related tax issues
SEIS reinvestment relief is a very attractive relief but it is important to note that it applies for 2012/13 only, says Paul Howard
BIS consultation includes some details of tax treatment but HM Treasury will consult separately on tax issues
Helen Lethaby reviews recent developments
A company can purchase its own shares, but the basic principle is that any amount paid in excess of the capital subscribed for the shares is taxed as a distribution. However, as Paula Tallon and Paul Howard explain, where a number of conditions are satisfied, capital gains tax treatment can be obtained for the shareholder.
Penalty: failure to declare gains
Income tax and NICs will apply to initial transfer of shares, says Treasury
Businesses will be able to choose to offer only the new type of contract for new hires
Chancellor announces new share incentive scheme for employees who forgo employment rights
Wendy Walton reviews proposed changes to rules affecting private client advisers for which the consultation period is soon to close.