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Hi,
This exercise relates to partial disposals of interest in subsidiaries.
Question (b) : I don’t understand why they have adjusted Holmes’ reserves with “Tax on parent’s gain” – (30), and haven’t adjusted the reserves with the gain arising from disposal in itself which is 100.
It seems inconsistent to recognise a tax element without recognising the item to which it relates.
Could someone explain, please?
Thank you in advance.
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