Chancellor gives share option tax incentive to start-ups

Gordon Brown, the UK Chancellor of the exchequer, told the House of Commons in his pre-budget speech that he would help start-up companies by making it easier for them to claim tax relief on share option schemes.

The Chancellor said: &quotTo reward managers taking risks in new business ventures, I propose to double the reach of our share option scheme to all businesses with assets of up to £30m (€48.1m), a tax incentive that I will introduce immediately.&quot

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