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Benefit of tax free EOT

  • Aug 1, 2024
  • 1 min read


We are currently completing transactions on EOTs. The benefits are significant and are as follows; 

  • receive a fair value for your business

  • receive the payment for your business TAX FREE

  • you will generally be paid by instalments over time from the Company’s future profits

  • should the company have any Surplus Cash and/or an Overdrawn Director’s Loan Account, this can be used as a down payment 

  • it is a low stress transaction

  • ability to remain involved in, and a Director of, the Company

  • enables a positive legacy for employees


Whilst the tax landscape may well change in the near future, we would like to discuss the options with all clients without delay. If you would like to discuss any aspect of  the above please contact the team and quote EOT or reply to this email in the first instance for a discussion.


The Team at Allens.


If you would like to discuss this in further detail, please get in touch with your usual contact or e-mail us at hello@allensaccountants.com

 
 
 

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Allens Private Client 

123 Wellington Road South, Stockport,

Cheshire, SK1 3TH

Tel: +44 (0) 161 477 2636

hello@allenspc.com

Allens Private Client is a trading style of Oculus Wealth Management (Cheshire) Ltd which is an appointed representative of Oculus Wealth Management Ltd, 2 Grove Park Court, Harrogate, HG1 4DP, a company authorised and regulated by the Financial Conduct Authority.

 

Registered in England: 13671284.

Registered address: 2 Park Grove Court, Harrogate, HG1 4DP

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