Course Details

In this session we will look at the tax reliefs for management buy-outs and for sales of companies to employee ownership trusts. While management buy-outs are reasonably well understood, sales to employee ownership trusts are much less so, despite the tax relief having been available since 2014. As well as looking at the conditions for the relevant reliefs, we will also compare and contrast the requirements for both types of transaction. 

  • Basics of management buy-outs
  • Employee ownership policy
  • Conditions for tax relief for sales to EOTs
  • Clawback of relief
  • The future

CPD Course Speaker

The Miller Partnership

Pete Miller

Pete formed The Miller Partnership in April 2011 to offer expert advice to other advisers on all business and corporate tax issues. Pete’s specialist areas include the transactions in securities rules, reorganisations, reconstructions, distributions, partnerships, Patent Box, HMRC clearances, disguised remuneration and the taxation of intangible assets.

Pete has worked in tax for over 33 years, including nearly 10 years as an Inspector of Taxes. He worked in Birmingham and London with roles in both Policy and Technical Divisions, where he was the Inland Revenue’s expert on all matters relating to the distributions legislation. He then worked for 11 years in ‘Big 4’ firms, specialising in the taxation of corporate transactions.

Pete speaks and writes regularly on tax issues and is lead author of Taxation of Company Reorganisations (Bloomsbury Professional, 6th Edition October 2020).