Policy paper

Capital Gains Tax — Employee Ownership Trusts

This tax information and impact note explains the reduction in relief on disposals to Employee Ownership Trusts.

• From: HM Revenue & Customs
• Published: 26 November 2025

Documents

Capital Gains Tax — Employee Ownership Trusts relief reduction

HTML

Draft legislation

PDF, 84 KB, 1 page

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft legislation (accessible version)

HTML

Details

At Budget 2025 the Chancellor announced that the relief from Capital Gains Tax available on qualifying disposals to Employee Ownership Trusts will be reduced from 100% to 50%.

This will apply to all disposals made on or after 26 November 2025.

Published 26 November 2025