accountancy

Business

Benefits of liquidation are ‘quite clear’

June 18, 2019

While the work of many licensed insolvency practitioners tends to focus upon insolvent situations, the provisions of the Insolvency Act 1986 mean that where company assets exceed £25,000, a formal solvent liquidation process is required if shareholders wish to close a company and withdraw the assets, normally cash, while benefitting from the capital gains tax regime.

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