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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.1 The transfer of value /Disposition—exclusions—non-commercial transactions / I3.156A Dispositions by close companies to employee ownership trusts
Commentary

I3.156A Dispositions by close companies to employee ownership trusts

IHT, trusts and estates

For dispositions of property made on or after 6 April 2014, a specific relief is introduced in relation to the funding by a close company of an employee ownership trust1. An employee ownership trust is a type of employee benefit trust but the requirements that must be met for a trust to qualify as an employee ownership trust are contained in the capital

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