A tax efficient way of incentivising your employees
Whilst the employee will have reduced rights of employment, for income tax and national insurance purposes, the shares could be deemed to have a value of £2,000 (despite having been gifted) and there are no further tax implications on the ultimate sale of these shares, which could be a significant capital gains tax saving. We can assist with the valuation of such shares and provide further details with setting up employee shareholder shares.