Commentary

D7.5179 Transfers involving subsidiaries

Corporate tax
Corporate tax | Commentary

D7.5179 Transfers involving subsidiaries

Corporate tax | Commentary

D7.5179 Transfers involving subsidiaries

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

It is not uncommon for an insurance company to hold shares in another such company as assets of its long-term insurance fund. If an insurance business transfer scheme transfers the business of the subsidiary to its parent, the value of the latter's holding will be reduced. This will typically happen because the transfer of the subsidiary company's assets as consideration for the assumption of its liabilities will cause a

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