Government announces capital gains tax savings for new employee-owners

On 8 October 2012, the Chancellor of the Exchequer announced plans for the introduction of a new form of employment relationship – the “employee-owner”. This announcement follows the publication in July this year of the Nuttall Review of Employee Ownership which made a number of recommendations to the Government to encourage employee ownership.

In summary:

  • the terms of the relationship will be contained in a new form of employment contract;
  • an employee wishing to become an “employee-owner” will exchange some of their UK employment rights for shares in the business they work for;
  • any capital gains realised by the employee in relation to the shares acquired will be exempt from capital gains tax; and
  • employee-owners will remain eligible to participate in existing employee share ownership schemes.

If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.

Click on the link above to download briefing.

Briefings from Nabarro

View more briefings from Nabarro

Analysis from The Lawyer

  • pro neg

    Professional negligence: Claims vs reality

    Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem 

  • Google HQ

    Number crunching: Nabarro’s real estate

    Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm.  Google’s ...

View more analysis from The Lawyer


Lacon House
84 Theobald's Road

Turnover (£m): 116.30
No. of Lawyers: 360