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Mr.Whippy
Fingers like lightning
Last Activity: 28 August 2021, 14:35
Joined: 9 March 2009
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  • OK hadn't read that previously but I think I'd still have gone the same way as I did. For the sake of a few weeks waiting (on the bank, not the liquidators I hasten to add) it suited me.

    I didn't realise you could withdraw the funds directly to yourself before appointing a liquidator though,...
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  • Sure, I know how a distribution in specie works. I was in no rush and could wait for the money. It was more important to me to remove the risk, no matter how small, of the distribution being seen as personal income and not a capital gain and affect any BADR claim.

    The MVL involved a significant...
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  • I took that route, with MVLOnline. Account was frozen and they collected the funds and transferred the majority (90% or so) of it to me very quickly.

    the remainder they held onto until they got HMRC clearance and they sent it immediately once they did.

    No experience of Begbies...
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