business asset disposal relief

Business Asset Disposal Relief

What is Business Asset Disposal Relief and How Often Does it Work?

When solvent companies are being closed through a Members’ Voluntary Liquidation (MVL) process, the directors are able to claim back money through the Business Asset Disposal Relief (BADR) as a way of mitigating how much Capital Gains Tax (CGT) is paid. Formerly known as Entrepreneurs Relief, which was introduced in 2008 to replace Business Asset …

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insolvency practitioner

An Overview of Insolvency Practitioner Services in the UK

As of 2021, there are around 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the thousands of support staff in the background that help every single one of the UK’s IP in providing comprehensive, professional and highly-experienced insolvency practitioner services for businesses and individuals across the country. But what is involved in …

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Solvent Liquidation in UK

What is the Role and Purpose of Voluntary Solvent Liquidation?

When a company goes into liquidation, it’s not always because of insolvency. There are times when a solvent company opts for liquidation on a voluntary basis. This form of voluntary solvent liquidation is known as a Members’ Voluntary Liquidation (MVL) and is a legal liquidation process to wind up a solvent company. Why choose a …

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