Consolidation Reference Manual

The Consolidation reference manual was last updated on 15 July 2011. It does not contain any changes to consolidation legislation that has occurred since that time and will not be updated in future. It cannot be relied on for currency of content. For any future consolidation changes, you will be able to access information from our consolidation home page or by visiting our 'New legislation' page.
You can still refer to the Consolidation reference manual for consolidation information that has not been impacted by changes in the legislation.

C2 Assets

C2-0 About this section

The process for obtaining new tax costs for the assets of joining subsidiaries is described briefly in Part B of this Reference Manual.

→ 'Determining asset values', B2-2

This section (C2) provides a more detailed technical introduction to the treatment of assets under consolidation, supported by:

•
high-level worked examples - covering each step of the entry cost setting process (when a consolidated group forms or one or more entities join a consolidated group) and the process on exit (when one or more subsidiaries leaves a consolidated group), and
•
a series of worked examples describing in detail some of the individual calculation steps in the entry and exit cost setting processes.

Current at 6 May 2011

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