Appreciate the help in advance!
We've just sold the assets for our company.
This company (doesn't have much activity), has a year end of 30th May 2016.
So, we ideally don't want to leave a money in there due to tax.
We have a second company that we use for payroll & is our main business focus. It's an unrelated business completely.
Can we send the money to the 2nd company somehow? As an investment?
How do we pay the money to ourselves tax efficiently and of course legally?
The company that receives the money from the asset sale really has no reason to be open any more either. Except for the fact it has cash sitting there. Does this effect anything?
I guess in short I am trying to get the money our of there as legally, tax efficiently & sensibly possible.