This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Captial Gain from dissolution of a Ltd Company

gsm8877
Posts:4
Joined:Tue Dec 15, 2020 1:35 pm
Captial Gain from dissolution of a Ltd Company

Postby gsm8877 » Mon Feb 08, 2021 2:32 pm

I will be dissolving my limited company after 5th April 2021 and will be making a capital gain of £12,000 from the disposal of shares in the process. Can that capital gain be taken before 5th April so in this tax year before dissolving the company in order to leave me with the full capital gains tax allowance next year? or can it only be taken upon dissolving the company?

I'm guessing the company cannot be share-less?

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Captial Gain from dissolution of a Ltd Company

Postby pawncob » Tue Feb 09, 2021 8:57 pm

If you're selling the shares you're not "dissolving" the company. Which is it?
With a pinch of salt take what I say, but don't exceed your RDA


Return to “Capital Gains Tax, CGT”