Hi,
I am currently a UK tax resident and have been operating through a UK Limited Company over the past few years. I have chosen to restrict dividend payments each year and now have a reasonable amount of cash sitting in my company's bank account.
The company has now stopped trading and I am planning to liquidiate it after disposing of assets (i.e. cash) early next year. HMRC have given clearance that Entrepreneur's relief would apply. I have no wife/children in the UK nor do I own any property or other fixed assets in the UK. I am planning to move and settle (purchase a property) to another country within the EU and I am wondering if there is scope to transfer the cash to myself after leaving the UK but before arriving and settling in the other EU country i.e. going on holiday for two weeks to a third country in between leaving the UK and establishing residence in a new EU country.
As the tax in question would be CGT, could I leave the UK mid March 2012 and claim split year treatment from that point or should I wait until the new tax year 6 April 2012?
Many Thanks
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