Free Event, today at 2pm. Register HERE.
Trading businesses can be sold free of capital gains tax (“CGT”) to an employee ownership trust, or “EOT.” In addition, employees of a company owned by an EOT can receive income tax-free bonuses of up to £3,600 a year. With capital gains tax rates possibly increasing in the near future, business owners may want to consider selling their business tax free while this is still possible.
This webinar explains how EOT structures work, how an EOT sale is financed, the conditions which must be met in order to qualify for tax relief, and whether an employee ownership trust might be right structure for you.