Joe Brough outlines some issues to be aware of and tips for the efficient extraction of funds on winding up.
As a company prepares to cease, its assets will usually be sold off before the company is liquidated and closed. The tax treatment of the disposal of capital assets is not a ‘one-size-fits-all’ approach.
Is indexation allowance available on qualifying assets?
If a profit is made on the sale of a capital asset, corporation tax is payable on the gain. Capital assets include land and
