                                 CODE OF VIRGINIA

CONSOLIDATION OF ACCOUNTS (§ 58.1-445)

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.

HISTORY: Code 1950, § 58-151.082; 1971, Ex. Sess., c. 171; 1984, c. 675.