Solvent liquidations
Formally dissolving a solvent company using a Members Voluntary Liquidation or MVL can bring tax benefits.
An MVL can be used as a tax efficient method of distributing assets to shareholders of a solvent company which no longer intends to trade.
Provided that certain conditions are met, distributions made via a member’s voluntary liquidation are classed as capital distributions and whilst liquidator’s fees will be incurred these will usually be far outweighed by the tax savings.
Contact Megan Wallis at meganw@batesweston.co.uk to find out how we can help you.
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