The Consolidation Group Profiling options are only available for Company returns. This menu option is not available for Individual or Fund returns.
To access the Consolidation Profile from within a Company return, click Preparation > Consolidation Profile.
|Consolidation profile screen|
This screen provides for you to record organisations that are subsidiaries of the consolidated group but for whom you do not prepare a tax return. When an organisation leaves the group type in the Date Left and select Add to History.
|Head company||When you select the Head Company radio button on this screen nominate that you are entering details for a head company then the CGM function becomes active and you can access the Consolidated Group Membership Register. If a company is head of a Consolidation Group this must be indicated in Form C Item 3, Status of Company.|
|Partnerships and Trusts||Where a Partnership or a Trust is a subsidiary of a consolidated group this is indicated in Item 2 of the relevant return.|
|Previous Head Companies||The details of companies that were the Head Company of the consolidated group previously are recorded on this screen.|