Government policy is to encourage long-term employee ownership of businesses and the tax break that was introduced in 2014 encourages employee ownership by providing that there is no capital gains tax on the sale of shares to an EOT, so long as a number of conditions are satisfied.
Published in Taxation on 15th August 2022.
An area not necessarily at the forefront of every tax adviser’s mind when designing company restructure transactions is how the proposals will impact the accounts of the companies subject to the restructuring.
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Specialist Tax Advisers in Solihull
Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH
Jerroms Miller is a trading style of The Jerroms Miller Tax Partnership Ltd (13890400), Jerroms Specialist Tax Services Ltd (13890378) and TMP Tax Ltd (13940341) which are all registered in England and Wales. Registered Office: Lumaneri House, Blythe Gate, Blythe Valley Park, Solihull, B90 8AH. A list of directors is open for inspection at the registered office.