©iStockThousands of entrepreneurs are expected to liquidate their companies over the next three months amid fears that an imminent tightening of the tax rules will more than triple their bills.
Advisers said many small company owners were drawing up plans to lock in tax rates as low as 10 per cent when they extract profits from their business.
The liquidations and certain other forms of corporate restructuring would pre-empt a crackdown on income-into-capital tax planning and an increase in dividend taxation that would potentially expose them to rates as high as 38.1 per cent from April.
Andrew Tate, vice-president of the Association of Business Recovery Professionals, said the proposals, re…
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