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  • RE: CGT on distributing remaining cash on ltd comp closure

    Thank you.
  • CGT on distributing remaining cash on ltd comp closure

    Hi. Last tax year I voluntarily closed down my ltd company. All VAT and corp tax paid and £11k was left in the company. As I was the sole shareholder I distributed the remaining money to myself, as cash. I understood that I would need to pay 10% CGT on this amount. Now filling in my self assessment I can't understand where to declare this distributed money. I called the self assessment help line and after checking with his supervisor the agent said it should be corporation tax and suggested I call the corporation help line. I told him more than once that no corp tax was due, but he wouldn't have it. I called corp tax help line and they confirmed no corporation tax to pay, as I thought. I've raised a complaint about the response from the self assessment help line and awaiting a reply. So, in the meantime, would anyone know where in the Self Assessment form I actually declare this distribution of the remaining money? Thanks in advance.