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A members voluntary liquidation with a sole member (who is not a director) – the company (incorporated 5 years ago) has advanced him €50,000 – does that money have to be repaid by him to the liquidator before the remaining monies of €100,000 are distributed to him
What are the tax implications /options?

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Posted by (Questions: 15, Answers: 4)
Asked on 12 June 2019 3:12 pm
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If it's part of the liquidation proceeds, i.e., capital distribution, it is subject to CGT (with possibility of retirement relief/entrepreneur relief). See https://www.taxworld.ie/answers/liquidation-and-retirement-relief/
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Posted by (Questions: 5, Answers: 4946)
Answered on 18 June 2019 8:25 am