Company A an LLP owns Company B (limited company)
Company C is an associate of Company A
Company B provides services to company C. Company C wish to issue shares but to company A in consideration for this service.
How will this debt be written off in B's books and how will company A report this. (Perhaps B will be said to pay a dividend to A)?
is there any accounting or tax issue that could arise as a result of these? Also is there a tax advantage to company C for opting for this.