§ 58.1-445. Consolidation of accounts
In any case of two or more related trades or businesses liable to taxation under this chapter owned or controlled directly or indirectly by the same interests, the Department may, and at the request of the taxpayer shall, if necessary in order to make an accurate distribution or apportionment of gains, profits, income, deductions or capital between or among such related trades or businesses, consolidate the accounts of such related trades or businesses.
(Code 1950, § 58-151.082; 1971, Ex. Sess., c. 171; 1984, c. 675.)
Sections: Previous 58.1-439.24 58.1-440 58.1-440.1 58.1-441 58.1-442 58.1-443 58.1-444 58.1-445 58.1-445.1 58.1-446 58.1-447 58.1-448 58.1-449 58.1-450 58.1-451 NextLast modified: April 3, 2009