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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › associates/joint ventures
is income from joint ventures taxed in the parents books?
I really don’t know. I imagine that, if it’s a jointly owned company, then tax will be accounted for within the company. But if it’s a joint venture not in the form of a company, then I suppose that each venturer will be taxed on their own share of the venture’s profits.
But I expect that this is more of a P6 topic! 🙂
