.png)
.png)
Issue:
4265
/
Categories:
Comment & Analysis
, EMI
, enterprise management incentive
, FA 2003
, ITA 2007
, ITEPA 2003
, TCGA 1992
, Capital Gains
, Employees
, Income Tax
JAN ELLIS examines the effect of the current capital gains tax regime on employee shares
KEY POINTS
- Entrepreneurs’ relief does not apply to all EMI gains.
- Risks of making an election under ITEPA 2003 s 431.
- Share buy-backs by the company.
- Care needed with loan notes and earn-outs.
I have long been a fan of enterprise management incentive (EMI) schemes which encompassed a pleasing light touch in terms of rules and regulations and a realistic set of parameters. 
These are available to many types of trading companies to a wide range of key people with a sensible maximum value (more generous than company share option plans). Best of all they fitted hand in glove with the now defunct taper relief.
Many of...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
