Capital Gains Tax or Income Tax

W

westcoast66

Guest
I wonder if someone could give me some advice here - and be as blunt as you want!

I have a company which has built up a large bank balance over the last few years. The value of the company is basically me and this bank balance.

Could I sell this company at the end of the year (I can arrange a buyer) for its cash balance and pay CGT on the proceeds?

Then in the new year, could I buy it again for one euro?

Thanks in advance!
 
Do you envisage selling for the full value?
Is it to a connected person?