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Tax efficient company wind-down

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  • 11-04-2014 1:37pm
    #1
    feartheclaw
    Registered Users Posts: 91 ✭✭


    Hi all

    I started a company a few years ago and have decided to shut it down due to other commitments. I was in receipt of a personal tax rebate as part of a 20k investment I made in it under BES scheme and have waited the required 3 years to avoid claw-back. The business traded very little and approx. 10k remains in the company. What's the best way to extract these funds before wind-down?

    Thanks
    ftc
    Tagged:


Comments

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    #2
    terryhobdell
    Registered Users Posts: 169 ✭✭terryhobdell


    Why don't you ask an accountant?


  • Options
    #3
    Alan Shore
    Registered Users Posts: 735 ✭✭✭Alan Shore


    Unless you can find someone to buy it you may be looking at a liquidation.

    Seek professional advice.


  • Options
    #4
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    Make yourself redundant :)


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