The New “Employment Owner” Status – Exchanging Employment Rights for Shares

From April 2013, businesses will be able to offer individuals contracts using the new status of “employee owner”.

In return for giving up certain employment rights, individuals are awarded free shares in their employing company. Any gain realised on selling the shares in the future will be completely exempt from capital gains tax.

In order to qualify for the exemption, the shares must be worth no less than £2,000 and no more than £50,000 valued at the date of acquisition.

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