Webinar: Is an Employee Ownership Trust the right path for you?

Webinar: Is an Employee Ownership Trust the right path for you?

For many business owners looking for a succession solution, an employee ownership trust has a number of attractions: it enables those who have contributed to its success to take over the ownership; it creates a strong platform for continued growth and success; and statutory tax reliefs allow owners to sell free of capital gains tax and employees to receive income tax free bonuses. We are seeing an increased interest in these with expected tax rises in the future.

For lots of business owners looking for a succession solution, an increasing amount are selling some, or all, of their company shares to an employee ownership trust (EOT) for full market price without incurring any capital gains tax liability and in a way which also benefits employees.

What is an EOT? 
EOT is a unique form of employee benefit trust which was begun by the Government in September 2014 in an effort to promote more shareholders to set up a business format like the John Lewis model. An EOT could maintain between 51% and 100% of a trading company’s shares on trust for the benefit of all employees on the same terms.

Agenda

• Key facts about EOT and how it works
• Qualifying Conditions
• Tax Incentives, Tax Relief and Capital Gains Tax
• Disadvantages of EOT

When?

Thursday 24 June 2021

11:00 am – 12:00 noon

Online

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