CERTYNEX IFRS ACADEMY

The Ostrevane group holds land revalued under IAS 16 and an investment property measured at fair value under IAS 40; the legislation in the case taxes use and disposal differently. Which statements on the measurement of deferred tax are correct?

The presumption is rebutted as soon as the group does not intend to sell the property in the short term.

For the revalued land, which is not depreciated, deferred tax reflects recovery of its carrying amount through sale.

The manner of recovery used is the one the group expected when it acquired the assets.

For the investment property, recovery through sale is presumed, unless that presumption is rebutted.