Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Employee Benefit Trust definition

What does Employee Benefit Trust mean? An employee benefit trust (EBT) is a discretionary trust used in employment and rewards practice to hold and apply assets for the benefit of employees and former employees of a company (or its parent) and its subsidiaries, and certain dependants. The employer typically settles funds or shares on independent trustees, who exercise discretion within a specified beneficiary class and in accordance with the trust deed. The term is descriptive rather than a defined statutory concept, though UK tax legislation and HMRC guidance refer to EBTs in the context of third‑party remuneration; in Ireland, employee share ownership trusts...

UK employee benefit and ownership trusts: buyer due diligence questionnaire for private company share acquisitions

Published by a LexisNexis Share Incentives expert

Precedents

Introduction

This legal due diligence questionnaire concerns the intended acquisition by [ insert buyer name ] (the Buyer) of all issued share capital in [ insert name of target company ], incorporated in England and Wales under number [ insert company number ] (the Company), from [ insert seller name ] (the Seller) (the Proposed Acquisition). It is intended to assist the Buyer, the Buyer’s solicitors and other professional advisers engaged on the Proposed Acquisition in gathering the information the Buyer needs regarding the Company’s or its Group’s employee benefit trust(s) (EBTs), so as to support the valuation of the Company and the appraisal of risks connected with the Company’s EBT(s) (including any employee ownership trusts (EOTs)). Kindly respond to every question in full and without omission. Set out your replies in italics directly beneath each question and supply copies of all pertinent documentation, where applicable, making sure each answer and document is complete, clearly, consistently and accurately identified by reference to the relevant paragraph of this questionnaire. Except where stated otherwise, references to EBTs include EOTs. We reserve the right to raise further enquiries arising from your responses to this questionnaire and more generally...

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Web page updated on 22/05/2026

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