Tag Archives: Disincorporation

Disincorporation and downsizing (Part 1)

This two-part article looks at some important considerations for company owners when disincorporating their business. Part one looks at tax implications for the company.   These are difficult and worrying times, including for business owners. It was reported in the Financial Times last week that an extra 21,000 companies were dissolved in March 2020, compared… Read More »

Disincorporation and downsizing (Part 2)

Disincorporating a business has potential tax implications for the company and its shareholders. The first part of this article looked at tax implications for the company. In part two, tax implications for individual shareholders are considered.  Business owner(s) may well perceive there to be a ‘double tax charge’ on the basis that the company is… Read More »