MVL - Autumn Statement

[Maslins]

I don;t think it would apply in that case as you would not be liquidating the company you would be selling it (i.e. selling your shareholding in a close company to a another individual or company). That would be an out and out capital gain as you would have paid the nominal £1 per share for 100 shares and then sell them at market value (i.e. what the buyer will pay for assets and good will).

Some deals would go that way, but it's also very common for a purchaser to not actually buy the shares of the company, but to buy the trade and assets from the company. Massive tax differences for buyer and seller, with pros and cons.

However, the result is the vendor ends up still owning a shell company with no trade/assets bar a big lump of cash (the sales proceeds...less tax), which they'd likely want to then liquidate. Assuming they were kept on as an employee for a while to ensure smooth handover, they likely would be an employee of the acquiring firm, hence could be at risk of this.