Looking to sell your company to your employees?

Looking to sell your company to your employees?

Sell tax free to an Employee Ownership Trust (EOT)

As an alternative to a Management Buy-Out or Management Buy-In, shareholders might consider selling their shares to an EOT. A sale of greater than 50% of the company to an EOT will be Capital Gains Tax free if all relevant conditions are met. An EOT is run for the benefit of all employees and the company can award tax free bonuses to employees of up to £3,600 per annum.

As always, the key to successful tax planning is to seek advice as early as possible. 

If you would like more information or would like to discuss your tax affairs in more detail please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below: