A client with a number of companies has gifted the profits of a project to an associated company.
The receipent company doesn't intend to treat this as an invesment and it isn't a loan either, since there is no expectation of repayment to the donor company.
Neither of the companies is a charity, or a trading company of a charity.
Can any clever bods out there suggest the best accounting treatment for this please?
I know that the transaction isn't subject to CT and will be added back in the tax comp if it remains a P&L expense.
