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FL 3: Treatment of companies that start being treated as non-resident and their shareholders
or “Rules for companies becoming non-resident and their shareholders' tax responsibilities”
You could also call this:

“This subpart covers rules for eligible companies to form consolidated groups for tax purposes”

This part of the law is about eligible companies that can form a consolidated group. You can be part of this group if your company is wholly owned by other companies in the group. This means that all the companies in the group are owned by the same parent company. If you’re part of this group, you can choose to form what’s called a consolidated group of companies. This is a special way for companies to work together under the tax laws.

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Next up: FM 2: Consolidation rules

or “Rules for treating multiple companies as one for tax purposes”
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Part F Recharacterisation of certain transactions
Consolidated groups of companies

FM 1What this subpart applies to

  1. This subpart applies to eligible companies that are part of a wholly-owned group of companies that choose to form a consolidated group of companies.

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