The typical company owner benefiting from our liquidation offering would have the following circumstances:
Based on the above, if the company has £50,000 in the bank and one shareholder, the shareholder’s options are as follows:
Caveat – everyone’s circumstances are different, please speak to your accountant/tax adviser about precisely what the situation will be for you before proceeding. Our service covers the complete liquidation process, but we do not get involved in your personal tax affairs. it is up to you to declare the relevant income/gains in the appropriate places on your tax return.
As you can see above, even after fees are taken into account (and assuming no fees other than the Companies House cost for striking off), there’s still a total saving of £9,357 to be made on a £50,000 bank balance. Typically the higher the balance the greater the saving.