Ltd Co A & B each own 50% of Co C - all £100 Cos. Ltd Co A purchases Co B shareholding in C to gain 100% control of C for £324,528 . The 2 companies will continue to operate separately.Any entries required for Co C to reflect new value ? and how transaction treated in B?
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Nothing required in C's accounting records, just in its register of members.
B of course accounts for a disposal of its shareholding in C, books a profit or loss in its accounts accordingly and considers what the tax consequences of its disposal might be.