Hi all,
Client is 100% shareholder/sole director of company. Profits available for distribution £20K. Stopped trading 4 months ago. Has applied for strike-off and so CGT treatment will apply on distributions. Hoping to stagger distributions to £10K before 6 April 2022 and £10K after 5 April 2022 (both covered by the AEs).
Strike off applied for online 24/3/22. CH have not yet published their First Gazette notice. Does capital treatment start from 24/3/22 or from the date of publication (which might be after 5 April)? Obviously 24/3/22 preferred so can stagger the distributions as planned, but can't find HMRC's views on it.
I think the wording from S1030A(2) "intends to make or has made an application...." confirms the preferred treatment, but would appreciate views, please.
Thanks.
Replies (3)
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I have always done it on a "if the DS01 is in, its happening" basis.
Be interested to know if I have gotten that wrong.....
I asked a similar question recently and had some useful replies:
https://www.accountingweb.co.uk/any-answers/business-asset-disposal-reli...