This option is only available to solvent companies. The members must swear a declaration of solvency. It is typically undertaken for tax planning reasons on the basis that there is to be a “distribution in specie” to the shareholders (with 22% Capital Gains Tax applicable). A special resolution is required to wind-up the company and an ordinary resolution to appoint a liquidator. The liquidator has twelve months to complete the liquidation.
For further information about our Members Voluntary Liquidation department please contact:
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