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
mvlmembers voluntary liquidationsolvent wind upasicdeclaration of solvencycgt distributioncompany wind upsolvent company closureshareholder distributioncapital gains tax discountsmall business cgt concessioncompany deregistrationretained earnings extractiontax effective exitcompanyabnincome tax
Related forms
- ASIC Form 484 — Notification of Company ChangesForm 484
- ASIC Form 6010 — Voluntary Deregistration of a CompanyForm 6010
- ASIC Form 524 — Presentation of Accounts and Statement (Winding Up)Form 524
- Creditors Voluntary Liquidation (CVL)Form 205 / Form 509
- Court Liquidation (Winding Up by Court Order)Form 7 / 8 (FCR)
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