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Returns to Shareholders
Distribution can be of liquidated assets, assets in specie or of shares in newly formed companies, which then hold the assets of the liquidated company.
The recent guidelines from the Bona Vacantia Division of the Treasury Solicitor are leading to an increased need to use an MVL against the principal alternative of using the HM Revenue and Customs Extra Statutory Concession C16.
We’re always keen to stress that we don’t give tax advice!
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