Isle of Man Professional Trustee for Employee Ownership Trust

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Equipped with specific systems and methodologies for efficient EOT management, they give undivided attention to trust administration, ensuring that there are no conflicts with other roles and responsibilities. Importantly, unlike lay trustees, a professional trustee can provide a continuous and stable relationship with the EOT on an ongoing basis, especially when a trust service provider with low staff turnover is selected, which encourages a continuous, long-term business relationship.



At the time of writing, there is no IHT charge on the transfer of an outgoing owner’s guatemala mobile database shares to an EOT and the EOT is also exempt from the IHT related property regime. Therefore, there is currently nothing to prevent the use of non-resident trustees even where the outgoing owner, company and employees are UK tax resident domiciliaries. In fact, there may be very compelling non-tax reasons for choosing non-resident professional trustees, such as those based in the Isle of Man. However, it is important to recognise that each case needs to be considered on its own merits – as with all matters relating to trusts, one size does not fit all.

Isle of Man trustees, such as Dixcart, are required to be licensed under the Financial Services Act 2008 and the Regulated Activities Order 2011 , ensuring ongoing regulatory oversight by the Isle of Man Financial Services Authority . This oversight provides clients with assurance that these trustees are adhering to strict best practice in their EOT responsibilities.