Our team can help groups streamline their structure, whether that’s to reduce ongoing administrative costs in dealing with obsolete subsidiaries or to assist with general tax planning.

With our corporate & business tax team, we can work with you to:

  • Review your existing corporate structure
  • Review each entity and understand its purpose, including its tax consequences
  • Consider whether a dissolution or members’ voluntary liquidation (MVL) is appropriate
  • Assist you in implementing the desired strategy using economies of scale to greatly reduce unit cost of each liquidation.

MVL

Sometimes a solvent company is no longer needed or the directors or shareholders may wish to retire.  As such, a MVL may be required. This can be a tax-efficient way of distributing the assets of a company to its shareholders, enabling qualifying shareholders to benefit from business asset disposal relief (previously entrepreneurs’ relief) which also brings the life of the company to an end.

Contact us

Featured