Consultation has started on the following possible tax reliefs:
- CGT relief when the controlling share of a business is sold into an indirect employee ownership structure
- Income tax and NICs exemption by reference to an indirect employee owned company paying a certain amount each year to its employees. Employer NICs would also be exempt
It is early days yet to consider this topic in detail but in the right circumstances it looks as if there will be significant tax breaks on offer.
If you have any comments on this, please post below.