Hi,
Just looking at all options at closing down my Limited Company, and although not tax efficient, would striking the company off rather than going down the MVL route also be tied to the 2 year "phoenixing" rule.
i.e if I took dividends to get company funds down to £25k, then struck the company off, taking capital gains tax on the £25k, would I still have to wait 2 years if I ever decided to create another limited company? My accountant isn't so certain
Just looking at all options at closing down my Limited Company, and although not tax efficient, would striking the company off rather than going down the MVL route also be tied to the 2 year "phoenixing" rule.
i.e if I took dividends to get company funds down to £25k, then struck the company off, taking capital gains tax on the £25k, would I still have to wait 2 years if I ever decided to create another limited company? My accountant isn't so certain
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