
Employee Share Schemes, Founders & gin
The House of Representatives Standing Committee on Tax and Revenue has today presented its report titled Owning a Share of Your Work: Tax Treatment of Employee Share Schemes. The Committee’s overarching recommendation is that Employee Share Schemes be treated as capital for the purposes of taxation, and that a tax liability would arise on the disposal of the assets granted, using the current capital gains tax regime. Succession Plus CEO Craig West takes us through it.