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As a business matures, entrepreneurs naturally start looking to the future, and potential sale or retirement plans. Whilst there are a number of avenues available to business owners, Employee Ownership Trusts (EOTs) continue to be a popular succession planning option, but understanding how the rules work in practice, and the ongoing monitoring required, can be daunting for companies and their advisors.

This introductory webinar will help you build a solid understanding of Employee Ownership Trusts. We will explain what EOTs are and why they are beneficial, and the key conditions that need to be met in order to avoid potential tax issues. 

In this session Makayla Combes will cover the following topics:

• An introduction to Employee Ownership Trusts – what they are, how they work and when they might be appropriate.
• The tax implications of EOTs, including tax reliefs available for sellers and employees.
• The qualifying conditions that must be met, both at the time of implementation and on an ongoing basis.
• The practical steps involved in implementing an EOT, and
• The ongoing compliance requirements and other practical considerations

By attending this session, you will gain a solid base understanding of EOTs and where they might be applicable to your clients.

This session will be of most interest to accountants.

Course level: Foundation