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Tax Saving On Distribution

In May 2013 we were appointed Liquidator in a the solvent liquidation of a Bristol based property development company. Within 8 month of our appointment we had successfully wound up the company and received tax clearance, resulting a return of almost £600,000 to the shareholder.

Distributions made from solvent liquidations (MVL) are capital receipts rather than income and so are subject to Capital Gains Tax of between 18% and 28% (dependant on the level of other taxable income) rather than Income Tax. If the shareholder is eligible for Entrepreneurs' relief then this is just 10% which would enable significant tax savings.

Further information as to whether you might be eligible for Entrepreneurs relief please refer to guidance on the HMRC website. 

Having just used Byrne Associates to handle my company's liquidation I can't recommend them highly enough. All the stress fear and worry, not to mention all the onerous paperwork, was taken care of in a friendly, yet highly professional manner Rod Mason (Director )

Contact Us

  • Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
  • Tel: 01275 464 038
    Fax: 01275 462 937

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