Employee ownership trusts (EOTs)
We have already seen entrepreneurs’ relief slashed. Now we have the prospect of capital gains tax rising in line with income tax which is leading many people to reconsider EOTs due to their tax-free structure.
Add to that the increasing focus on ‘doing business better’, and it’s no wonder that EOTs are rapidly becoming a mainstream business exit option.
If you want to maintain your company’s culture and ensure your employees are well looked after once your sale has been completed, an EOT could well be the right strategy for your business.