Closing a LTD company and maximising cashwithdrawn

Discussion in 'Insolvency' started by SRyan1991, May 15, 2020.

  1. SRyan1991

    SRyan1991 UKBF Newcomer Free Member

    4 0
    Hi All,

    Hope this finds you & your families in good health.

    I plan to cease trading and dissolving/closing my LTD company within the next 6 months.

    By current forecasts, I should be left with around 20K GBP in the business. I am looking to withdraw as much of this money back to my personal funds while minimalising corporation tax & personal tax.

    Can anyone be so kind as to share any advice/ strategies or recommended action to help minimising my tax liabilities and maximise the amount of money i walk away with?

    Thank you in advance & wishing everyone well in their business endeavours.

    Posted: May 15, 2020 By: SRyan1991 Member since: May 15, 2020
  2. Scalloway

    Scalloway UKBF Legend Free Member

    16,025 3,384
    Posted: May 15, 2020 By: Scalloway Member since: Jun 6, 2010