There are a number of tax issues to consider on disincorporation of a company. For the company, these include: the cessation of trade and end of accounting period; the effective loss of unused trading losses; transfer of closing stock at market value; capital allowance balancing adjustments; and exposure on chargeable gains and intangible assets. Tax issues for shareholders include: tax exposure on distributions from the company; the potential operation of transactions in securities provisions; the potential availability of entrepreneurs’ relief; and the temporary loss of business property relief.