David Alcock (Anthony Collins Solicitors) and Ritchie Tout (Mazars) discuss the positive applications of EOTs and possible pitfalls facing advisers.
This journal published a guide to EOTs in January (‘Back to basics: Employee ownership trusts’ (Oliver Dewdney Tax Journal 29 January 2021) which gave a thorough review of the tax rules but only had space for a brief mention of why anyone might want to consider using an EOT. This prompted us to wonder why it is that we have had so many conversations about EOTs but have seen only a modest number being put in place – although this thought was immediately followed by the realisation that most people have come to EOTs having heard about a tax-free sale of shares.
In 2020 there was a surge of interest in EOTs fuelled by rumours of an increase in CGT rates. There was so much interest...
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David Alcock (Anthony Collins Solicitors) and Ritchie Tout (Mazars) discuss the positive applications of EOTs and possible pitfalls facing advisers.
This journal published a guide to EOTs in January (‘Back to basics: Employee ownership trusts’ (Oliver Dewdney Tax Journal 29 January 2021) which gave a thorough review of the tax rules but only had space for a brief mention of why anyone might want to consider using an EOT. This prompted us to wonder why it is that we have had so many conversations about EOTs but have seen only a modest number being put in place – although this thought was immediately followed by the realisation that most people have come to EOTs having heard about a tax-free sale of shares.
In 2020 there was a surge of interest in EOTs fuelled by rumours of an increase in CGT rates. There was so much interest...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
