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PBR 2007 — CGT and Employee Share Schemes

 
David Cohen Partner Norton Rose LLP discusses the impact on employee share schemes of radical changes to capital gains tax announced in the Pre-Budget Report 2007
 
When I last wrote in The Tax Journal my words were quoted by Government ministers in the House of Commons (I was apparently the only commentator who did not think that FA 2003 Sch 22 was an unmitigated disaster) and I was accused by no less a personage than Mr George Osborne of seeking a peerage. Happy still to be a commoner I return to tackle another politically charged issue: the impact on employee share schemes of the radical changes to capital gains tax (CGT) announced by the Chancellor in his first Pre-Budget Report.
 
Before the PBR press speculation about...

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