Entrepreneurs Relief UK - Business Asset Disposal Relief & Liquidation from hmrc income tax bands and rates Watch Video
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Description: Entrepreneurs Relief UK - Business Asset Disposal Relief & LiquidationnnWhere net assets are more than £25,000, you need to consider whether to opt for a Members Voluntary Liquidation (or MVL)nn• An MVL is commonly used where a company director is retiring and qualifies for Business Asset Disposal Relief (formerly known as Entrepreneur’s Relief)nn• MVL’s are nearly always tax driven with the current Capital Gains Tax rate of 10% being charged on distributions to shareholders rather