Close your solvent company tax-efficiently with MVL. Reduce capital gains tax liability and distribute assets to shareholders in the most cost-effective way possible.
Up to 20% CGT rate
3-6 months typically
MVL is a formal process for closing a solvent company where shareholders can extract remaining assets in a tax-efficient manner, often paying capital gains tax instead of income tax.
Able to pay all debts within 12 months
Sworn statement of company's financial position
75% shareholder approval needed
Must be appointed as liquidator
Potential savings of thousands of pounds compared to dividend extraction
Review company finances and confirm solvency requirements are met
Directors sign statutory declaration confirming ability to pay debts
Pass special resolution to wind up company and appoint liquidator
Liquidator collects assets, pays debts, and distributes surplus to shareholders
Final accounts filed and company removed from Companies House register
The entire MVL process typically takes 3-6 months from start to finish, depending on the complexity of the company's affairs and asset realization.
Understanding your options is crucial for making the right decision for your company closure
Formal liquidation process
10-20% CGT
Professional process
Extract profits as dividends
20-38.1% dividend tax
Quick extraction
Voluntary dissolution
Assets distributed as income
Simple process
Insolvent company closure
No shareholder returns
Complex process
MVL offers the lowest tax rates for extracting company assets, potentially saving thousands compared to dividend extraction or other methods.
Formal process provides legal certainty and protection for directors, ensuring all obligations are properly met and documented.
Clear, structured process with predictable timelines, allowing for proper planning and preparation of company closure.
Get answers to the most common questions about Members' Voluntary Liquidation
Our experienced team is here to provide personalized advice for your specific situation
Speak with our licensed insolvency practitioners to understand if MVL is right for your company and get a personalized quote
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