A review by the Office For Tax Simplification has identified that around £14bn of additional Capital Gains Taxes could be raised by “cutting exemptions and doubling rates” to more closely align the CGT rates with income tax.

This potential increase in CGT will have a huge impact on anyone wanting to retire, sell or close their business.

If you have any clients in this position and are considering a solvent liquidation our advice is to act now before it is too late.

For further information on Members Voluntary Liquidations (MVLs) and to get a quote, just call Stella Flemmings on 01377 257788 and she will arrange a chat with one of the partners of Redman Nichols Butler who will happily provide you with advice.