Published: 28/10/2017
Sellers can sell shares to an EOT free from capital gains tax.
Employees can be paid certain bonuses free from income tax (up to £3,600 per year).
However to be a qualifying EOT the trust must hold a majority (more than 50%) of the shares in the company.
An EOT can be used with other tax incentivised share schemes like enterprise management incentive (EMI) options and share incentive plans (SIPs).
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