Building of registered office of family owned business is owned by Unlisted Public Ltd co, whereas Land is owned by one Promoter.
Any impact in accounts - disclosure etc.
Please advise
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Ownership of Land and buildings vests with different persons
Replies (1)
should not have any impact unless there is any transaction such as rent paid etc. In that case, it would be a related party transaction and relevant related party disclosures would have to be made.
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