Limited company is purchasing a business and the property the business currently operating from . The business is purchased and operated from A LTD and the properties will be registered under a separate limited company ( lets call this P Ltd). P Ltd will lease the property for A Ltd for a rent. The purchase is funded through a bank loan and the bank loan is agreement is with P Ltd .
The purchase consideration paid includes price for the property and the business ( Goodwill part). The bank says they will send the full loan amount to the bank account of P Ltd.
How should this be accounted. Will P Ltd after receiving the full amount of the bank loan give a loan to A Ltd for the share of the price for the Business/goodwill. ? The value of the property will be the assets under P Ltd and the price paid for Goodwill should be accounted under A Ltd and amortised?