Group Consolidation

Group Consolidation

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Two enitites, holding and subsidiary, both with the same trade - do we need Revenue approval to transfer the subsidiary trade to the holding company? Both businesses are VAT registered, but don't expect this to be an issue.

Any other issues we should be aware of?

The subsidiary started trading December 04, the holding company about a month ago.

Any comments gratefully received.

Thanks.

nick goddard

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By NeilW
26th May 2005 11:24

Assets and shares
My understanding is that you can move assets around without worrying the Revenue. It's when you start exchanging shares that you need clearance.

NeilW

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