I am planning to close my company and revert to a sole trader. I offer professional services and the company owns assets such as computers, phones, the lease on my car etc...
How do I change these assets over to me personally? i.e. can I give or donate them to myself for free, or do I have to sell them to myself etc...?
And are there any tax implications in transferring these assets to myself?
Is there anything else I need to be aware of in relation to company assets?
> I am aware that to delist my company, the company can only have assets of up to $1000.
> I am the sole director of my company
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1 replies
295 views
1 replies