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Not sure what to do about Closing Company

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    #11
    Looking at your post history, you seem to have opened and closed a few companies.

    Speak to your accountant.
    …Maybe we ain’t that young anymore

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      #12
      Originally posted by keymoo View Post
      If I'm understanding correctly, if I want the flexibility of going outside IR35 within the next two years I would be better off leaving the company as it is and just filing to Companies House once a year, or making it dormant? If I did this, how would I take the remaining capital out?
      The most tax efficient way is likely to be as dividends, but they'll be taxed at your marginal rate - i.e. if they take you into a higher rate tax bracket or you're already in it with other income, you'll be paying the higher level of tax on the extra dividend income. But the company can pay it out however quickly or slowly the directors decide, so some people trickle out small dividends each year to take them just up to the higher rate threshold.

      It all depends on your personal circumstances and needs - are you willing to pay more tax to get the funds out more quickly? Without meaning to appear rude, it sounds a little like you're not overly familiar with the workings of your company, so this is something you should definitely speak with your accountant about. That's what you pay them for.

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