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Autumn Statement does not spell an end to tax-advantaged employee share schemes


During his Autumn Statement last month, Chancellor Philip Hammond announced that the tax advantages linked to employee shareholder status (ESS) shares were to be abolished for arrangements entered into on or after 1 December 2016 (or, in limited circumstances, 2 December 2016), with the status itself being closed to new arrangements ‘at the next legislative opportunity’.  The perceived rationale for this curtailment is that the status has been abused and primarily used as a tax planning vehicle for high earners.

The impact of the Autumn Statement on ESS schemes does not mean that tax-advantaged employee share schemes are a thing of the past. 

Read the full article
 

Buying or selling your home is a big investment, but having the right team working with you can help to make it a straightforward and stress free experience. We take care of all the legal aspects of buying and selling residential properties in Hertfordshire, London and throughout England and Wales. Working with families, couples, individuals, first time buyers and investors, we keep you regularly updated on progress and developments.

Properties range from multi-million pound houses to one bedroom flats, in prime residential areas. We make the most of our knowledge of the local market to identify any potential issues and work to overcome any barriers quickly.

We can help you with all aspects of buying, owning, financing and selling residential property, including owner-occupied, investment and buy-to-let.

Buying or selling your home is a big investment, but having the right team working with you can help to make it a straightforward and stress free experience. We take care of all the legal aspects of buying and selling...

We work with a variety of charitable and not-for-profit organisations in Hertfordshire, London and throughout the UK, ranging from small trusts to national charities. Our lawyers provide practical and cost effective advice on a broad range of issues relating to both the legal needs and regulatory frameworks of charitable organisations.

We have drawn together a team of lawyers from our trusts, commercial, employment, litigation and property teams with a particular interest and focus on the sector. Many of our lawyers also sit on trustee boards and committees so have a good understanding of the day-to-day issues facing charities.

We work with a variety of charitable and not-for-profit organisations in Hertfordshire, London and throughout the UK, ranging from small trusts to national charities. Our lawyers provide practical and cost effective advice...

Property can present one of the largest financial commitments for any business so you need a safe pair of hands. Our team of commercial property lawyers has the experience, knowledge and expertise to guide you through your property needs from start to finish, whether you are buying, leasing or selling. We tailor our service to your timescales and budget to make sure you meet your commercial objectives, whilst also offering a wider view of your property interests to highlight future opportunities and minimise risks.

We work with a wide range of clients throughout the UK, including developers, property investors, major corporations, public bodies, schools, owner occupiers, retailers, landlords, tenants and entrepreneurs.

The value of the transactions we handle range from the purchase of a £10million building in London, to the sale of an industrial unit in Manchester for under £100,000. No matter what the size or complexity, we can provide the experience and expertise needed to get the deal done.

Property can present one of the largest financial commitments for any business so you need a safe pair of hands. Our team of commercial property lawyers has the experience, knowledge and expertise to guide you through...

Our commercial lawyers can help you and your business grow and develop - whether you’re starting a new business, need advice on the day-to-day running of your existing operations, are looking to expand through financing, merging or buying or are simply selling up. We work with small and medium sized businesses, owner managed businesses and entrepreneurs in Hertfordshire, London and elsewhere in the UK.

We work closely with you and your other professional advisers to provide practical and commercial advice to ensure that projects are delivered within agreed timescales and within budget. We offer highly competitive rates compared with City firms, without compromising on the quality of service.
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Whether you run a business or work within one, employment law affects us all.

Our employment team works as trusted advisors to owner managed/family businesses, entrepreneurs, SMEs and individuals throughout Hertfordshire and the rest of the UK. We help you navigate the complexities of employment law and minimise commercial risk; whether by taking defensive action to avoid time consuming and costly court disputes, or by offensive action to protect business connections or confidential data.

When complications arise, we take a commercial and creative approach to protect your reputation and avoid lengthy and costly disputes.

We help individuals, particularly at senior/board level, to negotiate favourable terms before starting a new role, or achieving a swift and fair outcome to any workplace dispute, including exit agreements.
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Our employment team works as trusted advisors to owner managed/family businesses, entrepreneurs, SMEs and individuals throughout...
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Family life is rewarding and challenging in equal measure but there are times when you may need the help of specialist lawyers. You may simply want to know what your rights are or understand the...

Our dedicated healthcare team works with healthcare professionals, including care home providers, doctors, dentists and pharmacists based in Hertfordshire, London and across the UK. Our lawyers help to make sure healthcare organisations are legally compliant with the regulations imposed on them as well as advise them on other legal aspects related to the day to day running of their organisation, including commercial contracts, property buying and selling, employment issues and when necessary litigation. 

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We work with families, unmarried couples, civil partners, business owners and individuals who trust us to guide them on what options are best for them and their situation, providing peace of mind for their future.
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Disputes rarely contain themselves to a single legal issue so our lawyers have broad experience. We also have strategically developed market leading expertise in specialist areas and sectors.

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With one of the UK’s leading teams for Wills, trusts, inheritance tax planning and probate, our lawyers help to find creative legal solutions to protect and manage our client’s wealth now and in the future....

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With one of the UK’s leading teams for Wills, trusts, inheritance tax planning, probate and Will administration, we help protect and manage your wealth now and in the future.

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We work together with financial advisers, accountants and other experts to make sure you get the very best all round advice.
With one of the UK’s leading teams for Wills, trusts, inheritance tax planning, probate and Will administration, we help protect and manage your wealth now and in the future.

We work with generations of...
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Autumn Statement does not spell an end to tax-advantaged employee share schemes
Autumn Statement does not spell an end to tax-advantaged employee share schemes

December 2016

During his Autumn Statement last month, Chancellor Philip Hammond announced that the tax advantages linked to employee shareholder status (ESS) shares were to be abolished for arrangements entered into on or after 1 Dece...

Limitation period for financial claims on divorce?
Limitation period for financial claims on divorce?

December 2016

To many people’s surprise, the financial claims that a couple can make against each other upon divorce remain open even after the divorce is complete. Only a court order or someone’s remarriage or death will prevent...

Avoiding conflict at Christmas
Avoiding conflict at Christmas

December 2016

With the end of the school term fast approaching, it is important that divorced or separated families make plans to spend time with their children over the Christmas holidays. Christmas, more than any other time of year,...

A great year for Lorna, the young cyclist we are sponsoring through SportsAid
A great year for Lorna, the young cyclist we are sponsoring through SportsAid

December 2016

It’s been a busy few months for Lorna Bowler, the cyclist we are sponsoring through SportsAid in memory of Patrick McGrath.

Resolution family lawyers lobby in Parliament
Resolution family lawyers lobby in Parliament

December 2016

Debenhams Ottaway family lawyers Helen Young and Helen Clyne joined other Resolution members to lobby in Parliament this week. Resolution represent 6,500 family justice professionals committed to supporting clients to re...

Debenhams Ottaway helping Hollywood actor and local entrepreneur set up business
Debenhams Ottaway helping Hollywood actor and local entrepreneur set up business

November 2016

The corporate and commercial and employment teams at Debenhams Ottaway are currently advising local entrepreneur Danny Deacon and Hollywood actor and ex-professional footballer Vinnie Jones on a new joint business ventur...

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