This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance

The following Owner-Managed Businesses guidance note Produced by Tolley in association with Craig Simpson of Bates Weston Tax LLP provides comprehensive and up to date tax information covering:

  • Succession planning ― employee ownership trusts (EOTs)
  • How does selling to an EOT work?
  • What are the advantages of using an EOT for succession planning?
  • Other considerations when using an EOT for succession planning
  • Ensuring full consideration paid out
  • Disqualifying events
  • Valuation of the shares
  • Inheritance tax
  • What are the implications for other share incentive schemes in the company?
  • How does the employee bonus scheme work?
  • More...
This content is no longer in use on TolleyGuidance

To view our latest tax guidance content,
sign in to TolleyGuidance or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL

There's no margin for error. Think Tax.
Think Tolley.

TolleyGuidance gives you direct access to critical, comprehensive and up-to-date tax information and expertise you can rely on.

TAKE A FREE TRIAL

Popular Articles

Withholding tax on payments of interest

This guidance note explains the main scenarios where UK companies (other than financial institutions, etc) must withhold tax at source on payments of interest and how this is dealt with in practice.Obligation to withhold income tax from certain paymentsWhen UK companies, or partnerships of which a

25 Feb 2022 15:37 | Produced by Tolley Read more Read more

Loans written off

Companies sometimes provide directors, employees or shareholders with low interest (or interest-free) loans either as part of the reward package or on special occasions to help the individual meet significant expenditure. The employment income implications of these loans are discussed in detail in

22 Mar 2022 12:26 | Produced by Tolley Read more Read more

Close companies ― overview

Close companies ― overviewMeaning of close companyThe tax rules for close companies are intended to address those companies that are closely controlled (ie by the owners and their families) and therefore could be used to manipulate the tax position of its activities and its investors. Therefore,

09 Mar 2022 14:32 | Produced by Tolley Read more Read more