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Profits on property disposals

Language: English Series: Estates Times ; (1165) 30 October 1992, 1(1)Publication details: 1992Subject(s): Summary: Under "Financial reporting standard 3" published by the Accounting Standards Board, disposals of property will have to go through the profit and loss account of investment companies and profits made will therefore appear in the accounts as funds to be distributed to shareholders.

Under "Financial reporting standard 3" published by the Accounting Standards Board, disposals of property will have to go through the profit and loss account of investment companies and profits made will therefore appear in the accounts as funds to be distributed to shareholders.