What is a Members Voluntary Liquidation or MVL?
A Members Voluntary Liquidation, or MVL, is often called a “solvent liquidation” because it is used to liquidate companies which are solvent and have a surplus of assets which needs to be returned to the shareholders.
A Members Voluntary Liquidation is often the preferred option when the directors and shareholders wish to bring the life of the Company to an end and extract the remaining assets in a tax efficient way. If Entrepreneurs Relief, which is now called Business Asset Disposal Relief, is available, the tax rate payable on the assets extracted will be only 10%, which is far less than if the funds were extracted by way of dividends.
More information can be found on our Members Voluntary Liquidation home page.
Alternatively, if you would like a free, no obligation face to face, Zoom or telephone meeting, with a Licensed Insolvency Practitioner, please ring 01326 340 579 or 01305 458 383, to arrange a mutually convenient time and date to discuss the options open to you and your Company.
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