Amending the perpetuities rule and simplifying employee ownership
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Download the full outcome
Detail of outcome
Summary of the evidence received with regard to:
- the recommendation in the Nuttall review of employee ownership (2012), that employee benefit trusts should be exempt from the perpetuity rule
- other complexities of employee ownership
There is insufficient evidence at this point to take the Nuttall recommendation on the perpetuity rule any further, but the issue may be reconsidered when such evidence is forthcoming. There was little evidence received with regard to any other complexities of employee ownership.
This consultation ran from
The government is seeking evidence and views on how we can further simplify the use of employee ownership.
This call for evidence seeks views on what government can do to further simplify the use of employee ownership.
It also seeks evidence from UK stakeholders on recommendation in the Nuttall Review of Employee Ownership. This recommended that employee benefit trusts should be able to last forever, and should not be subject to the rule against perpetuities. The rule against perpetuities prevents property from being tied up indefinitely.