Planning for an MVL?
Poppleton & Appleby, Licenced Insolvency Practitioners, have been providing help and advice on MVLs to Businesses in Birmingham and the Greater Midlands area for many years.
Contact us on 0121 200 2962 to discuss our services and to arrange a meeting at no cost to find out how we can help.
An MVL, is a formal process for closing down a solvent company in both a cost effective and tax efficient manner. We have extensive knowledge and experience in supporting businesses where:-
- The Business Owner is retiring
- The Company has reached the end of its useful life and is no longer required
- A tax effective mechanism is required to withdraw accumulated profits.
The Solvent Liquidation process enables Shareholders to withdraw retained profits which are treated as a ‘Return of Capital’ rather than ‘Income’ which means the distributions are subject to Capital Gains Tax (CGT) and, in the majority of cases, presents a considerably more attractive outcome for Shareholders.
Where appropriate, if you qualify for Entrepreneurs Relief you can benefit from a flat rate CGT of 10% on qualifying gains (up to a lifetime limit of £10m).
Poppleton & Appleby have established the reputation, resources and results to deliver solutions to businesses and their stakeholders. We have an approachable, professional team who work alongside business owners, their existing advisers with a focus on solutions.
Where circumstances allow, we specialise in making a first distribution to Shareholders within 48 hours of the Liquidation.
Contact us on 0121 200 2962 to discuss our services.
