Moving back to Perm - company?

[TheCyclingProgrammer]

A further condition is that the individual (or connected person) continues to carry on the same or a similar trade or activity to that carried on by the wound-up company within the two years following the distribution. Yes this would be the case for most contractors closing their company.

If that was the case, then almost no contractor would be able to wind up their company and take a capital distribution unless they were retiring.

It has already been established in letters from HMRC that taking up permanent employment would not count as continuing the same trade as activity, so no it wouldn't be the case. It would only become an issue if they returned to contracting within 2 years. A job is not a trade or activity.

Edit: evidence:
http://forums.contractoruk.com/futur...ml#post2296419

Condition C will not be met where the individual is employed by an unconnected third party

[Sgpg]

Gosh, seems there is lot more to consider than i thought! Thanks for all the answers.