Employee Ownership Trusts – will they get to enjoy their day in the sun in 2021?
The Employee Ownership Trust (EOT) first saw the light of day in 2014. It is a structure which allows the employees of a company own most (or even all) of the shares in a company. The EOT model offers a range of benefits to the employees, the business itself and owners who are planning succession. […]
Employee Ownership Trusts – are they coming into their own?
The beginning of 2020 saw a tightening of the rules for Entrepreneurs Relief (which we must now call Business Asset Disposal Relief) and a slashing of the lifetime limit from £10 million per person to £1 million. There is also now a distinct possibility that the rates of Capital Gains Tax will be aligned with […]
