Hi all,
I've been offered a job in Aus, and therefore need to wind up my company. However to earn a living between now and then I need to run the company and then wind it up.
I have built up some capital in this time and my accountants tell me that this can be taken as a capital disbursement but only three months after the wind up. This puts me firmly into Aus taxation territory which is best avoided. I have currently hit upon the idea of getting to April 6, taking the cash out as a dividend, and then leaving a couple of weeks later. This would be well under the taxable allowances for the 03-04 tax year, BUT is this pro rata on time spent as a resident?
Has anyone else been through this and what did you do?
Thanks
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