Concrete specialist beats Budget EOT change

Greater Manchester based specialist Goodmix Concrete was sold to its staff just hours before Employee Ownership Trust (EOT) rules were changed in the Budget.
The deal to transfer a majority ownership of the Ready Mixed Concrete firm into an EOT was completed on Tuesday.
In a surprise move in Wednesday’s Budget Chanceller Rachel Reeves cut the current 100% Capital Gains Tax relief in half for business owners who sell via an EOT.Goodmix Concrete founders Chris and Jasmine Goodier decided on