Our team can help groups streamline their corporate structure, whether that’s to reduce ongoing administrative costs in dealing with obsolete subsidiaries or to assist with general tax planning.
We work closely with our business & corporate tax team to:
Members’ voluntary 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. It 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 known as entrepreneurs’ relief), bringing the life of the company to an end.