Interaction with IAS 12

Learning objectives

• Place deferred tax on fair value changes (cross-reference to IAS 12).L2, L3

Normative references

• IAS 40 §33Fair value model: after initial recognition, all investment property is measured at fair value, except in the cases described in para. 53.

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

1 question

• An unrealised fair value gain on an investment property is recognised in profit or loss. Which standard deals with the deferred tax that may result?L2