Transfer of fixed assets between related companies

Please can someone offer some advice on the whether fixed assets transferred between companies where there is a related party connection should be transferred at Net book value or market value within the accounts? At the moment the assets have been transferred at a value higher than the net book value and physical cash paid between the companies.

Also Do these transfers have to be disclosed in the related party transaction note?

Any replies would be appreciated.

Comments
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Nil gain nil loss

enoryt010 |

Market value

Euan MacLennan |
Euan MacLennan's picture

Anti Avoidance legislation

edison100 |

Not if...

George Attazder |
George Attazder's picture