Saving more jobs by extending tax reliefs to include worker buyouts
Published30th January 2023
We are lobbying government to extend employee buyout tax reliefs to include worker co-op buyouts.
Read about proposal to extend eligibility for reliefs under Schedule 37 of the Finance Act 2014 - awarded when a controlling stake of a business is sold to an employee ownership trust (EOT) - so that these also apply when a controlling stake of a business is sold to a ‘common ownership worker co-operative’ (COWC) formed by the employees.
Co-operatives UK lobbies government to offer tax relief on worker buyouts
The trade body for co-operatives is calling for worker co-op buyouts to enjoy the same tax breaks as employee ownership trust (EOT) buyouts.
20 days ago
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