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.

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