Disposal of business - Entrepreneurs Relief advice
- or -
Post a project like this2106
$$$
- Posted:
- Proposals: 1
- Remote
- #2058870
- Awarded
Description
Experience Level: Expert
I am selling a business and the purchaser wants to buy all of the assets (software, intellectual property) of my Ltd company but not the Ltd entity itself.
This means they want to transfer the purchase price into my Ltd company bank account.
I will immediately cease business and they will carry it on under their own company. My Ltd company will be closed down.
Question:
- Can I immediately transfer the cash to myself and claim entrepreneurs relief or will the company have to pay tax on the gain before making the distribution?
This means they want to transfer the purchase price into my Ltd company bank account.
I will immediately cease business and they will carry it on under their own company. My Ltd company will be closed down.
Question:
- Can I immediately transfer the cash to myself and claim entrepreneurs relief or will the company have to pay tax on the gain before making the distribution?
Sam B.
99% (92)Projects Completed
150
Freelancers worked with
128
Projects awarded
34%
Last project
15 Apr 2024
United Kingdom
New Proposal
Login to your account and send a proposal now to get this project.
Log inClarification Board Ask a Question
-
There are no clarification messages.
We collect cookies to enable the proper functioning and security of our website, and to enhance your experience. By clicking on 'Accept All Cookies', you consent to the use of these cookies. You can change your 'Cookies Settings' at any time. For more information, please read ourCookie Policy
Cookie Settings
Accept All Cookies