In certain circumstances you may be looking for an orderly wind down of the business. We can help plan and implement the process ensuring you are able to get the money back that you deserve in the most tax-efficient way. By using our services, the funds to be distributed can be subject to Capital Gains Tax, rather than Income Tax; allowing you to qualify for Business Asset Disposal Relief (previously Entrepreneurs Relief) and thereby limiting your tax rate to 10%.
We pride our selves on our quick service and turnaround of funds. We can help you plan the process so you have access to all the money within the week following our appointment. This year we distributed assets and funds to our clients on average of four days following appointment.
A Members Voluntary Liquidation (MVL) is a voluntary procedure to wind up the affairs of a SOLVENT company. It is used to close or wind up a company because the director(s) may wish to retire, re-organise or restructure the business or the company is simply not required any more.
MVL provides certainty and can potentially provide a significant tax advantage if the company has adequate funds to distribute to shareholders prior to dissolution.
How the process works?