newish contractor in the UK - advice on surplus cash in business bank account

[Wanderer]

If you have a flexible mortgage then you may be able to take a director's loan and then pay it back later on but you need to get professional advice about this so speak to your accountant.

[jeanaux]

providing you are eligible for entrepreneurs relief this allows you to take the remaining funds in the company when it closes at a rate of 10%. You and your wife could also be eligible for a capital gains free allowance of £10,900 but you may not be entitled to this depending on your residency status for tax purposes in the year of disposal.

Hi I just found this forum as I was looking for information that you touched on there. I'm in a similar situation to the original poster, but I've already started closing my company (I'm in the process of getting it struck off now) and I'm wondering whether I should try to get entrepreneurs relief for the last distribution of funds. I'm now a non-resident and have left the UK, and this will be my final tax return. So I was wondering what you know about that bit.