There seems to be a nice tax break to extract retained earnings from my ltd company if I shut it down. Any proceeds from winding down are subject to capital gains, but get asset taper relief of 75% as I have had the company over two years. The remainder is subject to capital gains but I get (I think) £8,200 capital gains allowance - so on my £50k retained earnings have no personal dividend tax or capital gains tax payable.
Any problem doing that, extracting the retained earnings, and starting up a new ltd company again? This would be a once off.
Cheers
Any problem doing that, extracting the retained earnings, and starting up a new ltd company again? This would be a once off.
Cheers
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