Closing down limited company - Entrepreneurial Relef

[smileyface]

We know in the current financial year, the first £5,000 of dividends is tax free, then the next £30,000 (approx.) is taxed at 7.5% and the rest at 32.5%.

I am thinking of closing down my limited company and have heard of something called Entrepreneurial Relief, that entitles you to only pay 10% tax.

Can someone please explain if that is indeed the case and if so, how might I go about it?

Thanks

[northernladuk]

A) A bit of research first might have helped a little. Plenty of information on the web that could have helped you on a few steps

B) General is the wrong place for questions

C) A bit of searching of the forums using the methods in the link below will answer most of your questions
http://forums.contractoruk.com/welco...uk-forums.html

D) Have a look at MVLOnline and then give them a call
Members Voluntary Liquidation | MVL Online®

HTH

[northernladuk]

Have a read a read of this...

[barrydidit]

B) General is the wrong place for questions

Unless it's embedded in a Daily Mail headline of course.