This Episode of TaxSnax will be presented by Philip Simpson KC.
Finance Act 2025 makes a number of changes to the legislation concerning employee ownership trusts and employee benefit trusts, following a consultation that started in 2023. In relation to EOTs, the amendments change some of the conditions for obtaining the relief, and also how long the conditions have to be complied with after the sale to the EOT for the person claiming the relief to be able to retain it. It is therefore crucial to know what the changes are, because failure to meet the conditions means no relief is available. In relation to EBTs, again, the changes concern the conditions on which relief from inheritance tax is available on the transfer of shares into an EBT. This episode of TaxSnax gives a clear, succinct outline of what the amendments are to both these types of trust.
