Evening all
I'm currently looking at what options I've got to wind up my Ltd Co.
Have been trading just under 18 months, and my one and only invoice has just been paid, giving me just under £11k to sort out.
Removing CT, that leaves me £8,800 profit...
I'm currently a higher rate tax payer as a result of day job, therefore I don't think dividends is the right option for me.
Section 1030a has come up on various Google searches, which if I'm understanding it correctly means I should be able to dissolve the Ltd Co, and pay 0% Capital gains tax as i'm under the threshold.
Thanks in advance for any replies.
And I haven't currently got an accountant as I've been doing this as a side project which has been going in for nearly 12 months...
Regards
Gavin
I'm currently looking at what options I've got to wind up my Ltd Co.
Have been trading just under 18 months, and my one and only invoice has just been paid, giving me just under £11k to sort out.
Removing CT, that leaves me £8,800 profit...
I'm currently a higher rate tax payer as a result of day job, therefore I don't think dividends is the right option for me.
Section 1030a has come up on various Google searches, which if I'm understanding it correctly means I should be able to dissolve the Ltd Co, and pay 0% Capital gains tax as i'm under the threshold.
Thanks in advance for any replies.
And I haven't currently got an accountant as I've been doing this as a side project which has been going in for nearly 12 months...
Regards
Gavin
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