Closing your company tax efficiently
Decided to stop using a limited company? Or retiring? Or returning to permanent work?
Then you can close your company in a very tax efficient manner.
Closing your company using a Members Voluntary Liquidation (MVL) could be the most efficient option for you:
- Extract the reserved funds of the business in cash.
- Pay only 10% tax and also use CGT allowances.
- Very quick – can be completed within weeks.
Criteria to use an MVL
- Reserves over £35,000 – after paying all final liabilities
- Company has traded over 12 …
Read the full article at: http://www.contractorcalculator.co.uk/contractor_mvl_liquidation_service.aspx