One big advantage of using a solvent liquidation or Members’ Voluntary Liquidation procedure is that it can provide significant tax planning opportunities, including:-
- Enabling profits to be distributed as capital to minimise personal taxation of the Shareholder.
- Reducing higher tax payers’ tax from 40% to 10%
- Qualifying for Entrepreneur’s Relief
- Capital Gains Tax
Professional Tax advice should always be taken when considering a Members’ Voluntary Liquidation. However, we are happy to discuss the above tax exemptions and whether your Company/Shareholders can benefit from them.