Members’ voluntary liquidation (MVL) can be the most cost-effective way to liquidate a company if the business is still solvent – but there are tax considerations that you need to be aware of.
An MVL is an effective method of liquidation that offers many financial advantages to business owners and shareholders. It’s commonly used as a way to close down a company and realise dividends when the business is still in profit.
You’ll need to pay tax on any profits, of course, but members’ voluntary liquidation tax can be surprisingly low if things are done correctly. If you’re planning to liquidate your company, the experts at Irwin Insolvency are here to explain how much members’ voluntary liquidation tax you might need to pay.
Just to say thanks very much for your professional assistance in the Liquidation. It was a pleasure dealing with you and I will be sure to pass on your details to anyone who should be requiring similar support. All the very best.
Mr. D M
I would like to indicate my appreciation of the polite and professional manner in which business was conducted. Thank you to you and the team.
Mr. B D
I would like to thank Irwin’s for the work and help that was done in securing an IVA for my wife. Your team showed great commitment and tenacity throughout the whole process without which we could not have achieved this outcome. Thank you again for your team’s help in moving forward.
Mr. T & Mrs. D B
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