I'm in the process of closing down my company.
The accountant is being particularly opaque & not exactly helpful...
What's a capital distribution?
How is it different from a dividend?
What's taper relief?
There are various assets in the company other than cash.
I've been told that I can just "take" these assets.... sounds like theft to me...
I had thought to buy them off the company (the assets were valued at about £3k at the end of the last financial year in October 2003).
Anyone got any reliable info that I can understand?
The IR have given their approval to closing the company down & all I have left to do is send 652a to Companies House.
The accountant is being particularly opaque & not exactly helpful...
What's a capital distribution?
How is it different from a dividend?
What's taper relief?
There are various assets in the company other than cash.
I've been told that I can just "take" these assets.... sounds like theft to me...
I had thought to buy them off the company (the assets were valued at about £3k at the end of the last financial year in October 2003).
Anyone got any reliable info that I can understand?
The IR have given their approval to closing the company down & all I have left to do is send 652a to Companies House.
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