Exemption for a disposition to a trust for the benefit of a company's employees by an individual beneficially entitled to a share or shares in a company is provided by IHTA84/S28.

A similar exemption for a disposition to an Employee Ownership Trust (IHTM42995) is provided by IHTA84/S28a (IHTM42997).

The conditions

A transfer of value where shares in or securities of a company become comprised in a trust for the benefit of employees within IHTA84/S86(1) will be an exempt transfer if

(1)the persons for whose benefit the trusts permit the settled property to be applied include all or most of the persons employed by or holding office with the company

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