Capital gains on liquidation: shareholder distributions taxed as capital gains after reducing assessed dividend component. Distributions of a company's assets on liquidation are not treated as a transfer by the company; amounts or market value of assets received by a ... Summary
Capital gains on liquidation: shareholder distributions taxed as capital gains after reducing assessed dividend component.
Distributions of a company's assets on liquidation are not treated as a transfer by the company; amounts or market value of assets received by a shareholder on liquidation are taxable as capital gains after reducing any amount assessed as a dividend, and that net sum is deemed the full value of consideration for capital gains computation.
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