Tax Efficient Way of Closing a Company
The Members Voluntary Liquidation (MVL) process, can be a tax efficient way of closing a company. Surplus funds held by a Company can be classed as Capital Receipts and could be, with correct planning, distributed to shareholders who pay Entrepreneurs Relief, a tax rate that could be as little as 10%. For more details about the solvent company liquidation process, visit our MVL page.
Only licensed Insolvency Practitioners can act as liquidators in a MVL.
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