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Posted Fri, 17 Nov 2023 11:11:06 GMT by
Hi I am reaching out with a question regarding a situation involving a limited company that is going to apply for striking off soon. The company in question has not been trading since September, and the director recently realised that there is a business asset owned by the company. The director wishes to purchase this asset from the company. My query pertains to whether selling the asset to the company will have any implications on the three-month trading-free period required for striking off. Specifically, will the sale of the asset reset or extend the three-month period, or does it have any impact on the striking off process?
Posted Tue, 21 Nov 2023 13:10:57 GMT by HMRC Admin 8 Response
Hi,
A company can have ceased trading, but still have assets to dispose of. This may give rise to a Capital Gain or Loss that is required to be reported to us on a CT600.
You should ensure all business related matters are dealt with prior to applying for the strike-off of your company.
Thank you.

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