EMPLOYEES will qualify for a 10% rate of capital gains tax, rather than the standard 28%, on the sale of company shares from 12 months after options are granted, the draft Finance Bill revealed this week.
Experts welcomed the move to allow staff to exercise options and sell the shares on the same day, at the lower tax rate.
They also flagged a boost for real estate investment trusts (REITs), one of former chancellor Gordon Brown's flagship creations, which are to have tax restrictions relaxed in a bid to reignite investor enthusiasm.
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