Limited company, shareholders want to split

Limited company, shareholders want to split assets 50/50 and then start again

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Hi

I have a client, a limited company, 2 shareholders 50/50.  They want to split up the business and go their separate ways.  one wants to keep the name.  What is the most tax efficient way to do this please?  Dissolve the company and start again?  Demerger? Neither of them want to pay anything extra if possible!  All assets will be split 50/50

Thanks

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By johngroganjga
13th Jun 2017 17:51

Getting all the assets out of the company so they can split them is likely to be expensive - and avoidably so if one of them could make good use of the company with half the assets left in it. Then only half the assets would need to be removed from the company. Is one of them continuing with the company an option?

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By Tax Dragon
13th Jun 2017 22:15

Does 'business' mean trade and if so is it a single trade? What kind of numbers are you looking at? Five grand? Five million?

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