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The company won’t exist once it’s been removed (‘struck off’) from the companies register at Companies House.

When you liquidate a company, its assets are used to pay off its debts. You’ll need a validation order to access your company bank account.

If you're like most people, when you make contributions to your IRA, you intend to leave the money alone for decades until you can comfortably retire.

As a result, the tax consequences of a subsequent sale of the assets by the shareholder should be minimal. The corporation is treated as selling the distributed assets for FMV to its shareholders, with the resulting corporate-level tax consequences.To be taxed as a liquidating distribution, however, a partner's interest in the partnership must terminate.Only partners who receive a liquidating distribution of cash may have an immediate taxable gain or loss to report.For example, if you fall in the 15 percent tax bracket, a ,000 taxable distribution costs you

As a result, the tax consequences of a subsequent sale of the assets by the shareholder should be minimal. The corporation is treated as selling the distributed assets for FMV to its shareholders, with the resulting corporate-level tax consequences.

To be taxed as a liquidating distribution, however, a partner's interest in the partnership must terminate.

Only partners who receive a liquidating distribution of cash may have an immediate taxable gain or loss to report.

For example, if you fall in the 15 percent tax bracket, a $7,000 taxable distribution costs you $1,050.

If you're in the 35 percent tax bracket, that same distribution costs you $2,450 in income taxes.

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As a result, the tax consequences of a subsequent sale of the assets by the shareholder should be minimal. The corporation is treated as selling the distributed assets for FMV to its shareholders, with the resulting corporate-level tax consequences.To be taxed as a liquidating distribution, however, a partner's interest in the partnership must terminate.Only partners who receive a liquidating distribution of cash may have an immediate taxable gain or loss to report.For example, if you fall in the 15 percent tax bracket, a $7,000 taxable distribution costs you $1,050.If you're in the 35 percent tax bracket, that same distribution costs you $2,450 in income taxes.

,050.If you're in the 35 percent tax bracket, that same distribution costs you ,450 in income taxes.




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