• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Closing company - CGT

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Closing company - CGT

    When closing a limited company with 2 shareholders. If the remainder of the profit is taken under ESC C16 as a capital gain, i guess each shareholder gets their personal allowance of £9,600 rather than just one lot allocated to the company?

    #2
    Correct. The CGT allowance is a personal allowance, nothing to do with the company.

    Comment

    Working...
    X