Closing company - CGT - Contractor UK Bulletin Board

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Crossroads replied

27 December 2008, 15:54
Correct. The CGT allowance is a personal allowance, nothing to do with the company.
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chrisl started a topic Closing company - CGT

27 December 2008, 14:04
Closing company - CGT

When closing a limited company with 2 shareholders. If the remainder of the profit is taken under ESC C16 as a capital gain, i guess each shareholder gets their personal allowance of £9,600 rather than just one lot allocated to the company?
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