Income tax effects of revaluation

Learning objectives

• Identify that a revaluation gives rise to deferred tax effects to be accounted for in accordance with IAS 12.L4

Normative references

• IAS 16 §42Tax effects (current and deferred) of the revaluation are recognised and disclosed in accordance with IAS 12.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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