GrowthSharesValuation

Rule history

Growth shares rules change: what has moved and when

Updated

A growth share's gain on exit is usually taxed as capital gains, so changes to those rates change what the hurdle is worth to the holder.

Describe my growth share plan Describe the company, the growth share class and when the shares go out, and we can pass it to a tax adviser or share valuer. The HMRC rules and deadlines are set out on these pages; which of them fit your plan is for the adviser or valuer to say.

The 2016 capital gains tax cut, since superseded

GOV.UK records that from 6 April 2016 the 18% rate of capital gains tax fell to 10% and the 28% rate to 20%, except on gains on residential property that do not qualify for private residence relief, and on carried interest. Those were the 2016 rates, not today's: from 6 April 2026 GOV.UK sets Capital Gains Tax at 18% on gains within the basic rate band and 24% above it, and Business Asset Disposal Relief at 18%, up from 14% in 2025-26.

EMI timing rules

HMRC's EMI manual notes the window after a disqualifying event is 90 days, where it was 40 days before 17 July 2013.

What growth shares is your company issuing?

Describe the company, the growth share class and when the shares go out, and we can pass it to a tax adviser or share valuer. The HMRC rules and deadlines are set out on these pages; which of them fit your plan is for the adviser or valuer to say.

The company

What stage is the company at?

Which arrangement are the growth shares part of?

  • Every deadline quoted from HMRC's manuals, the statute or GOV.UK
  • No share value guessed from the form
  • No view from us on which rules fit your plan

Sources

This site's own datasets, every figure quoted from its source and dated:

  1. ERSM30300 - Restricted securities: securities acquired on or after 16 April 2003: introduc
  2. ERSM30450 - Restricted securities: elections to exclude outstanding restrictions - HMRC in
  3. ERSM20220 - Employment-related securities and options: 'by reason of employment' - excepti
  4. Apply for a share valuation check for Enterprise Management Incentives (VAL231) - GOV.UK
  5. Human Verification
  6. ERSM20192 - Employment-related securities and options: what are securities: Long Term Ince
  7. Share and Assets Valuations for employee shareholder status - GOV.UK
  8. Get a share scheme valuation from HMRC - GOV.UK

Want a tax adviser or share valuer on your growth shares?

Describe the company, the growth share class and when the shares go out, and we can pass it to a tax adviser or share valuer. The HMRC rules and deadlines are set out on these pages; which of them fit your plan is for the adviser or valuer to say.

Describe my growth share plan
Describe my growth share plan