CGT relief for employee share ownership

The plan to extend employee share ownership has been tweaked, increasing the tax breaks for employees taking up the option in a bid to persuade companies to take up the government's so-called John Lewis ownership model, which has met lukewarm response from business so far.

To drive interest in the scheme, in AS2013, the government will provide additional funding of £25m to support employee ownership, taking the total package for this sector to £75m annually.