Labour’s first major fiscal statement, the Autumn Budget, sent shockwaves across key UK sectors as significant tax changes were announced, changing tax, succession and future planning strategies in place for businesses.
Capital Gains Tax changes announced in the Autumn Budget also directly impact limited company directors considering closing a business in the near future.
Jonathan Munnery, a Members’ Voluntary Liquidation expert at UK Liquidators, explains the solvent liquidation process and what Capital Gains Tax changes mean for limited company directors.
What’s a solvent liquidation?
A solvent liquidation is the process of closing a solvent limited company. A company that’s solvent can afford to pay liabilities as and…
