CERTYNEX IFRS ACADEMY

In a business combination, the goodwill recognised by the Ferondil group amounts to 1,000,000, whereas local tax law (case data) gives it an amortisable tax base of 1,300,000. What does IAS 12 provide for the difference of 300,000?

No deferred tax: the goodwill exception prohibits any deferred tax, asset or liability, on goodwill.

A deferred tax asset recognised as income in profit or loss for the period of acquisition.

A deferred tax asset recognised within the combination, to the extent that its use is probable.

A deferred tax liability, since goodwill is a residual amount.