Members Voluntary Liquidation (MVL)
Form number: Form 520 / Form 205
A formal wind-up of a solvent company — used when shareholders want to extract retained profits in a tax-effective way (often to access the small business CGT concessions or 50% CGT discount on pre-CGT capital). Requires a directors' Declaration of Solvency.
Official source
asic.gov.auRelated topics
mvl · members voluntary liquidation · solvent wind up · asic · declaration of solvency · cgt distribution · company wind up · solvent company closure · shareholder distribution · capital gains tax discount · small business cgt concession · company deregistration · retained earnings extraction · tax effective exit · company · abn · income tax
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