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The importance and usefulness of employee-ownership trusts
KEY POINTS
- The employee ownership business model is tried and tested.
- The employee ownership trust provides a straightforward way of implementing employee ownership.
- The pre-FA 2014 tax position was that relief would not be available to payments into the trust and a gain would arise on the owner’s sale of shares.
- The new capital gains tax exemption on share disposals to an employee ownership trust.
- A new income tax exemption on qualifying bonus payments to employees.
What would you say to a client asking about employee ownership as a succession solution? Sharing Success: The Nuttall Review of Employee Ownership (BIS) expressed concern that a professional adviser would not know how to react.
When the Nuttall Review was published on 4 July 2012 relevant experience and expertise to advise...
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