Part F
Recharacterisation of certain transactions
Consolidated groups of companies:
Accounting generally
FM 7Treatment of amounts derived or expenditure incurred
Sections FM 8 to FM 23 set out the treatment of certain amounts derived or expenditure incurred while a company is part of a consolidated group. The treatment applies to the part of a company’s income year when the company is in the consolidated group.
Compare
- 2004 No 35 s HB 2(1)
Notes
- Section FM 7: amended, on , by section 107 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).