MVL latest?

[Maslins]

So a contractor could in theory open up another company "involved in a similar trade or activity" as long as it's completed before April 2016?

My opinion, no. Forgetting about any new proposed rules, there have been anti avoidance "transactions in securities" rules around for yonks, which amongst other things can counteract the tax advantage of someone transferring trade of Oldco to Newco then liquidating Oldco.

Main issue was/is that there wasn't much guidance on where the line was drawn between an old trade ceasing and new one starting, vs someone simply taking a holiday from the same trade. The "new" rules put a fairly clear cut 2 year timescale on it.

Ignoring the above, the chances of you trying to put a company into liquidation now/soon and have it all done and dusted before 5 April 2016 are virtually nil IMHO.

[MrContractor85]

My opinion, no. Forgetting about any new proposed rules, there have been anti avoidance "transactions in securities" rules around for yonks, which amongst other things can counteract the tax advantage of someone transferring trade of Oldco to Newco then liquidating Oldco.

Main issue was/is that there wasn't much guidance on where the line was drawn between an old trade ceasing and new one starting, vs someone simply taking a holiday from the same trade. The "new" rules put a fairly clear cut 2 year timescale on it.

Ignoring the above, the chances of you trying to put a company into liquidation now/soon and have it all done and dusted before 5 April 2016 are virtually nil IMHO.

Thanks...

Think someone said it earlier in the thread, but ETR really has turned into something you can pretty much only do pre-retirement...