Tax relief for employee-shareholder agreements abolished

Implementation date: 1 December 2016

In Autumn statement 2016 the Chancellor of the Exchequer announced that income tax reliefs and capital gains tax exemption will no longer be available on any shares acquired in consideration of an employee-shareholder agreement entered into on or after 1 December 2016 (or 2 December where the individual received independent legal advice on 23 November prior to 1.30pm, about entering into an employee-shareholder agreement).

The measure is introduced in the Finance Act 2017.