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Get The Help You Need With Transitioning To An EOT
Maximise tax reliefs, secure your legacy, and empower your workforce.
Under the Finance Act 2014, the UK government made using EOT’s very attractive by granting a number of tax reliefs:
- Any individual who disposes of shares in a company to an EOT will be exempt from capital gains tax (CGT).
- The EOT can pay each employee an annual bonus of up to £3,600 free of any income tax; and
- There is relief from inheritance tax on certain transfers into and from the EOT.
We are different
Top tier advice
We are nationally recognised experts by the Legal 500 as providing quality legal advice and services. This means you can be sure you’re getting the best possible advice from the most highly trained professionals in the country.
Award-winning, dedicated experts
If you want to transition your business into an Employee-Owned Business, our Corporate Solicitors and EOT Lawyers have significant experience advising clients on establishing and creating EOTs.
Free Consultation
We offer a completely free assessment of your case with no obligation to you. If you decide you want to work with us, in certain situations we may be able to offer a no win no fee agreement. This is assessed on a case by case basis.
Awards and Accolades
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Recommended by: 599 Verified Clients
like David and Oliver Meddick
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448 Customer Reviews
Empowers our people & secures our future
After exploring several succession planning options, we found that the EOT model was the best way forward, offering attractive benefits for both us as selling shareholders and our employees. We are very grateful for the expertise and guidance provided by Myerson's team.
Oliver Meddick
Excellent service
I would like to thank you for your help, advice and professionalism in what was a difficult time for us, you informed us from the beginning about costs and the service we could expect from you and this never wavered.
David Droylsden
Clear, Cost-Effective and Personalised Advice for You.
For a no-obligation assessment of your case, click the button below and a member of our specialist team will call you back.
Myerson and Myerson Solicitors are trading styles of Myerson Limited, a company registered in England & Wales number 15557117, whose registered office is as above. The term “Partner” used in connection with Myerson Limited and its trading names, refers to a director of Myerson Limited or a senior employee of equivalent or similar status and does not create nor indicate any relationship of any legal partnership as between any of the persons so designated and/or by any such persons and Myerson Limited. A list of Partners is available for inspection at our registered office. This firm is authorised and regulated by the Solicitors Regulation Authority number 8007783. VAT Registration Number: 380 4208 70.
MLA 2023 Winner: Health & Wellbeing Awards
Myerson is proud to be recognised for its talents and excellence by The Manchester Law Society Legal Awards
The Manchester Law Society
Myerson win Property Law Business of the Year
Hosted by the BBC, the awards ceremony saw Myerson win the Property Law Business of the Year award.
Business Masters Awards 2020
Myerson listed as 'Best Law Firm' by The Times
Clients vary in size from start-up enterprises to multinational concerns, such as Tata Chemicals. They are attracted by the practice’s professionalism and expertise in a wide array of specialisms"
The Times
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The UK200 Group - Building Better Together
Myerson recommended as 'Top Tier' by The Legal 500
Myerson Solicitors LLP is praised for its ‘fantastic speed of response and constructive, helpful and pragmatic advice delivered by a team that clearly knows its stuff
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What is an Employee Ownership Trust?
Employee Ownership Trusts (EOTs) were established in 2014 with the aim of promoting employee ownership as a business model in the UK. Some of the better-known EOTs include Waitrose, John Lewis, Arup Group and Richer Sounds.
An EOT is a trust (or trust company) established to own shares in a trading company for the benefit of the employees of the company, thereby creating indirect ownership of the company by the employees.
There are certain conditions that your company must meet in order to make the transition to employee ownership, hence why an eligibility assessment is conducted at an early stage of planning to implement an EOT.
As a company who is 100% employee-owned ourselves, we can work with you and your accountant or tax advisors to assist in ensuring the structure of an EOT is correct.
Get in touch with us today and we’ll provide a range of available options.