Approved Deferred Share Trust

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Approved Deferred Share Trust

In the United Kingdom, a trust created by a publicly traded company consisting of shares in that same company. The company creates the ADST to benefit its employees. Shares in an ADST are not taxed until they are sold, and even then are taxed at a reduced rate. A company must receive approval from Inland Revenue before a trust is recognized as an ADST. See also: Employee stock option.
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