1. [Reasons to disincorporate](https://library.croneri.co.uk/po-heading-id_Ea6Lgic0skSAXiSzXNqihw#po-heading-id_em4DX_mX70KNX7TA5VEe1Q)
1.1. Little or no tax saving
1.1.1. Low profit level
1.1.2. Increased fees
1.1.3. Not sticking to remuneration strategy
1.2. Easier
1.2.1. Less compliance
1.2.2. No remuneration planning
1.2.3. Cash basis
1.3. Less responsibility
1.4. Privacy
1.4.1. Info not publicly available
2. [Methods](https://library.croneri.co.uk/po-heading-id_AhwWDi1kPUG7DyeftxGcog)
2.1. Members voluntary liquidation
2.1.1. Liquidator appointed
2.1.1.1. Costly
2.1.2. Collect in and pay out monies
2.1.3. Final distribution
2.1.3.1. Capital
2.1.3.2. Income if TAAR applies
2.2. Strike off
2.2.1. Apply to Companies House
2.2.1.1. 3m after cessation
2.2.2. Distribution(s)
2.2.2.1. Capital if s. 1030A applies
2.2.2.1.1. £25k cap
3. [Distribution](https://library.croneri.co.uk/po-heading-id_0iqSciSrKEajSZKm-ZRE0A)
3.1. Capital
3.1.1. Annual exemption
3.1.1.1. £3,000 for 2025-26
3.1.2. Business Asset Disposal relief (BADR)
3.1.2.1. 14%
3.1.3. No BADR
3.1.3.1. 18%; 24%
3.2. Income
3.2.1. Top slice of income
3.2.1.1. 8.75%; 33.75%; 39.35%
3.2.2. Tax-free allowance
3.2.2.1. £500 for 2025-26
4. [Transfer of assets](https://library.croneri.co.uk/po-heading-id_pJq8gVljDke2XqjTVrQ08w)
4.1. IFAs
4.1.1. Goodwill
4.1.2. Market value
4.2. P&M
4.2.1. Balancing adjustment
4.2.2. Elect for TWDV
4.3. Chargeable assets
4.3.1. Market value
4.3.2. CGT
4.4. Stock
4.4.1. Market value
4.4.2. Elect for TWDV
4.5. SDLT
4.5.1. Chargeable consideration
4.6. VAT
4.6.1. TOGC
5. [Reasons not to disincorporate](https://library.croneri.co.uk/po-heading-id_K9qz6PB-lEqbGZkejePCeg)
5.1. Lose limited liability
5.2. Lose access to tax reliefs
5.2.1. R&D
5.3. Tax for company
5.4. Tax for individual
6. [Cessation](https://library.croneri.co.uk/po-heading-id_sN14panypkG3c_yFQvOgFw)
6.1. End of period
6.2. Terminal loss relief
6.2.1. Carry back 3 years