Winding up a limited company

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Ellabobbin
Ellabobbin Registered Posts: 92 Epic contributor 🐘
in General accounting discussion
Hello,

I am hoping someone may be able to poimt me in the right direction with this....

A client is wanting to wind up his Ltd company, which has nothing in the bank account, money owing to him through the DLA and share capital...

Basically he has asked us to find out if there are any reliefs against the money he has effectively lost, it is not a trading company.....

If any one can point me to the right legislation etc I am more than happy to research for myself!

Thank you

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  • JodieR
    JodieR Registered Posts: 1,002 Beyond epic contributor 🧙‍♂️
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    Nope, no reliefs that I can think of. If the past you used to be able to sell companies with losses and the new owners could then use the losses to reduce their corporation tax bills but there are now regulations which make it pretty much impossible to do this.

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