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Hi Alan, my client and his wife are both directors(both aged 67 years) of their service company for over 10 years. The company has cash assets of €400K. My client wishes to retire and close up this company. Can he: (1) extract the cash from the company tax free and if so in what way can this be done: (2) my client would like to set up as a sole trader in a similar business after retiring and hopefully after extracting the cash from his company: can my client set up again in a similar business as a sole trader or are there restrictions?

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Asked on 16 September 2019 8:40 am