Dividends from company 27 January at 3:06PM edited 27 January at 4:10PM in Cutting tax 1 reply 82 views

kerrick

If profits have accumulated as cash reserves could the company cease trading but the directors keep the dormant company, and pay the accumulated profits out as dividends until all cash has been extracted?

Jeremy535897

To the extent that the cash is represented by distributable reserves, yes, although there will be the ongoing filing costs.