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‘Forti Ltd group’ in the BPP Revision Kit

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › ‘Forti Ltd group’ in the BPP Revision Kit

  • This topic has 0 replies, 1 voice, and was last updated 1 month ago by letty23.
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  • April 6, 2023 at 7:28 am #682263
    letty23
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    • Topics: 10
    • Replies: 8
    • ☆

    I have trouble understanding the part (b) Other corporate matters.

    It is asking to set out the matters which need to be considered in order to determine whether or not Forti Ltd group is a close company.

    A close company is normally controlled by less than or equal to 5 companies.

    Why did the answer divide the number of shareholders by ‘7 shareholders’?

    Thank you.

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