text: Bretts Business Recovery Ltd - Members' Voluntary Liquidation (MVL) - Bretts Business Recovery Ltd
  A Members Voluntary Liquidation (MVL) is the winding up of a solvent company
  As part of a company restructure (under S.110 of the Insolvency Act)
  At Bretts Business Recovery, we help you prepare the Declaration of Solvency.
  The tax payable by the shareholder may be further reduced by applying the various capital reliefs that are available, including Entrepreneur's Relief.
  (Specialist tax advice should be sought from your accountant or tax advisor and all options explored when considering closing your solvent business).
  Changes to Members Voluntary Liquidation and Entrepreneur's Relief
  Entrepreneurs' Relief is a tax benefit for individuals who have invested in companies, allowing them to pay a tax rate of 10% on qualifying disposals. It is claimed as part of a personal tax submission for the period in which a capital distribution is received, and the following criteria must apply: