Some of the key advantages of Employee Ownership Trusts will be outlined at an online event staged by accountancy group Smith & Williamson next week.
The Zoom webinar on Wednesday, September 8, will set out the rules around Employee Ownership Trusts (EOTs) and how the structure works in practice, along with practical issues facing businesses.
The tax relief scheme was introduced in 2014 by the government in an attempt to boost employee engagement and productivity and to lower staff turnover.
Katherine Colledge, director, business tax services at Smith & Williamson in Bristol, pictured, said the relief can allow business owners to secure a capital gains tax (CGT) free exit.
“With business asset disposal relief reduced to £1m, and the potential increase in CGT rates, Employee Ownership Trusts are an important structure to consider as a potential exit strategy and succession plan.
“So any business owners considering a management buy-out, trade sale or listing should consider an EOT alongside other options,” she said.
“EOTs may also be suitable for any businesses looking for a cultural shift and family-owned businesses looking at succession planning.”
To register for the event, visit: Webinar Registration – Zoom
Smith & Williamson is part of leading wealth management and professional services firm Tilney Smith & Williamson.
