hi all
i am considering a career break and traveling the globe after 3 1/2 years on the contracting gravy train! ... if i close down my company (one man band ltd co), go traveling for 3 months, then come back and start up another company to contract through, would HMRC come after me for more tax than the 10% CGT ?
would i qualify for 10% CGT in the first place? It is feasible I could spend longer that 3 months traveling!
The new CGT rules still haven't been effective that long but is there anyone here that has closed their company and qualified for the 10% tax? how long does it take and what questions are you asked by HMRC?
i am considering a career break and traveling the globe after 3 1/2 years on the contracting gravy train! ... if i close down my company (one man band ltd co), go traveling for 3 months, then come back and start up another company to contract through, would HMRC come after me for more tax than the 10% CGT ?
would i qualify for 10% CGT in the first place? It is feasible I could spend longer that 3 months traveling!
The new CGT rules still haven't been effective that long but is there anyone here that has closed their company and qualified for the 10% tax? how long does it take and what questions are you asked by HMRC?
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