Employee Ownership Trusts: Employee ownership for business startup succession and transition
- 13 October 2016
- 05:00 PM - 06:30 PM
- 32 Cleveland Street, London, W1T 4JY
- Entry: Free
- CPD points: 0
Event materials
Submit your details to request event materials
Employee ownership is one of the most rapidly growing alternative business models in the UK. Employee-owned businesses are proven to have improved productivity, better levels of employee engagement, recruitment and retention, and even healthier employees. The Finance Act of 2014 introduced new provisions offering significant tax relief to company owners who transfer their business to an Employee Ownership Trust (EOT), and to their employees.
A sale of at least 50% of the business by one or more of the owners to an EOT will be free from Capital Gains Tax, provided certain conditions are fulfilled. Employees of a company with an EOT can receive an income tax free bonus of up to £3,600 a year. EOTs have a role to play at any stage of the life of a company, whether start-up, transition or succession.
This seminar will be held in the offices of Make Architects, a successful employee-owned company since 2004, and will:
- Outline the benefits of employee ownership and its growing importance in the UK econom
-
Review the provisions of the Finance Act 2014 and explain the tax reliefs available
-
Explain how an EOT can achieve successful transition of a business on succession
-
Outline the various ways an EOT can introduce employee ownership when a company is established and during its lifetime
-
Discuss a recent case study
-
Hear from employee owners of Make about their 10 years of employee ownership
-
Take a tour of the Make offices and see how employee ownership works in practice
-
Provide an opportunity for networking and informal discussion