UK Tax Podcast
Hello, I am John Kavanagh, and this is the UK Tax Podcast, bringing you updates, information, and opinion about the most interesting topics and latest developments in UK tax. These podcasts are not intended as a substitute for professional advice, but hopefully, they will educate and entertain and give some useful pointers.
UK Tax Podcast
Employee Ownership Trusts after the 2024 Budget
In this episode of the UK Tax Podcast, Chartered Tax Adviser John Kavanagh takes an in-depth look at Employee Ownership Trusts (EOTs), with a particular focus on the significant changes introduced in the October 2024 Budget. John explains how EOTs work, the tax benefits they can offer, and the compliance challenges that sellers now face, including the extended Capital Gains Tax clawback period and its interaction with Business Asset Disposal Relief, new trustee requirements, and the risks of retaining control after the sale. Whether you advise clients on EOT transactions or are considering selling your own business to an EOT, this episode offers essential insights into the latest rules and practical considerations.
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