CERTYNEX IFRS ACADEMY

Cellaris, a lessee, recognises a right-of-use asset and a lease liability of 210,000 each. In its jurisdiction (case data), the tax authority follows the accounting treatment: it deducts the depreciation of the right-of-use asset and the interest on the liability, so the tax base of each item equals its carrying amount. Which deferred tax is recognised at the commencement date?

A deferred tax liability and asset each computed on 210,000.

None: the tax bases equal the carrying amounts, no temporary difference arises.

None, because the initial recognition exception applies.

A deferred tax asset only, on the lease liability.