Changes could be in the pipeline for employee-ownership trusts

An employee-ownership trust is a specific ownership structure which was introduced by tax legislation in 2014 to promote employee ownership of businesses. These trusts provide some significant tax breaks to make employee ownership more attractive, which are now being reviewed in a consultation launched earlier this month.

For more information about the consultation see our post here.

This article explains how employee-ownership trusts work and the conditions that currently need to be fulfilled to benefit from the favourable tax treatment they provide.