The Hidden Power of Solvent Liquidation...

Time to retire?

Since Extra Statutory Concession 16 (ESC16) was withdrawn in March 2012 the only way to withdraw more than £25,000 from a company as capital not income is through a solvent liquidation also called a members’ voluntary liquidation (or MVL).

So what, you may ask?

The value of this can be seen when you apply a few numbers to show the difference in the tax saving by paying on the withdrawal as a capital gain rather than as income.

When you download the PDF (just put your details in the form at the top of this page) you'll find a worked example which shows that your client can save 30% or 60% on their tax liability by going down the Solvent Liquidation route.

Even for relatively small amounts of capital withdrawal the additional cost of a liquidation is outweighed by the tax saving.  This can only be applied at the end of the Company’s life but if your client is looking to retire, sell their business or two or more shareholders want to move their part of the business in different directions please contact Fiona Monson on 01444 848766 for a FREE no obligation 50 minute face-to-face or telephone meeting to see whether an MVL works for your client.

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Solvent Liquidations: Key Facts...

  • Tax efficient - distributions are subject to Capital Gains Tax, not Income Tax...
  • Entrepreneur’s Relief may be available...
  • Quick – cash can be distributed quickly...
  • Allows for group restructuring...
  • Simple procedure...
  • Only a Qualified Insolvency Practitioner can carry out the process...
  • Experience is Essential - there are pitfalls for the inexperienced practitioner...
Got questions?
Call 01444 848766...
WHAT WE DO...

Company Solvent Liquidations
A simple strike-off may not be the most tax-efficient - or even the safest - way to release a client's equity for a company. Find out here how you can have access to our specialist Company Solvent Liquidations experience.

Company Insolvent Liquidations
There can be significant implications for your client in deciding whether or not they should cease trading due to debt or cash flow issues. Don’t risk giving them the wrong advice — discover more here...

Personal Financial Distress
For a client in financial distress, the experience can be terrifying and humiliating. With experienced, professional and sympathetic support, however, there is always a light at the end of the tunnel. Find out here how we can help you help your clients through their darkest hour.
HOW TO FIND OUT MORE...

Contact Us
If you have a client whose case you would like to discuss, or if you are facing financial difficulties yourself and need to talk to someone in confidence, then please do get in contact:

Phone: 01444 848766

Email: help@solvencysolutions.co.uk

Or you can find our address, a map and an enquiry form on our Contact Us page.

Financial problems, whether business or personal, can seem like the end of the road and can be a source of great distress. Rest assured that there is always a way ahead, and we will always listen with an open mind and a non-judgmental ear.

We of course treat all discussions with the utmost discretion.
Solvency Solutions is a trading name of Solvency Solutions (South East) LLP (formerly Armida Business Recovery LLP).
Fiona Monson is licensed as an insolvency practitioner by the Institute of Chartered Accountants in England and Wales