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Reply to: Capital Gains?

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Previously on "Capital Gains?"

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  • THEPUMA
    replied
    Originally posted by hugebrain View Post
    If I close my Company down before April, does the Capital Gain count towards my "lifetime limit"?

    I'm thinking it's still better to close up now before the new rules come in.

    I would have thought so. Plus you will get 4 x your CGT annual exemption which will save you £5K if you have 2 equal shareholders.

    But if you are going to continue contracting, there is a chance the residual proceeds will be treated as a dividend so in those circumstances, I personally wouldn't bother.

    Leave a comment:

  • hugebrain
    started a topic Capital Gains?

    Capital Gains?

    If I close my Company down before April, does the Capital Gain count towards my "lifetime limit"?

    I'm thinking it's still better to close up now before the new rules come in.
    Tags: None

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