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bigduckontax
bigduckontax, Accountant
Category: Tax
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Experience:  FCCA FCMA CGMA ACIS
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What have i got to do to close down my company and reclaim

Customer Question

What have i got to do to close down my company and reclaim tax on losses in the final year. How do i advise Co House & HMRC of this striking off
Submitted: 1 year ago.
Category: Tax
Expert:  bigduckontax replied 1 year ago.
Hello, I am Keith, one of the experts on Just Answer, and happy to help you with your question.
I would advise you not to go though the palaver of striking it off, but sell it on eBay; there is a market for second hand companies and you might make a bit on the sale too.
When you make what for you will be your final Corporation Tax (CT) on line return then have the loss carried back against the previous year. The company will then receive a refund of CT already paid. The company is now 'clean' and ready for sale. Alternatively you can sell it with the CT losses which adds value.
I do hope that I have shown you a way forward in this matter.

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