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Chancellor aims to widen share ownership

CHANCELLOR Gordon Brown has revealed a tax boost to employee share options in his pre-budget speech.

The move sees the introduction of three measures aimed at encouraging more employees to take a stake in the ownership of their company.

Brown hopes the measures will boost productivity by increasing employee commitment to growth in the enterprises they work in.

The first measure will help more employees benefit from the business assets rate of taper relief, from capital gains tax when they sell their shares.

The second measure will expand Enterprise Management incentives so that smaller businesses can make more use of the benefits in a way best suited to their needs, and to help recruit a wider range of staff to help their company grow..

The third measure will address National Insurance liabilities on the growth in value of some employee share options that were granted to employees between April 1999 and May 2000.

Legislation will be brought forward to allow companies to settle these liabilities instead of letting them continue to accrue.

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