Deferred tax on revalued NCAForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Deferred tax on revalued NCAThis topic has 2 replies, 2 voices, and was last updated 7 years ago by ematete2005.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts October 26, 2017 at 4:05 pm #413313 ematete2005MemberTopics: 22Replies: 64☆☆When a non current asset is revalued upwards, the gain is recorded in OCI and in Revaluation reserve and a deferred tax liability is recognized.My question is that is there any transfer to profit and loss from the revaluation reserve as the deferred tax reverses?Thank you. October 29, 2017 at 8:37 pm #413659 P2-D2KeymasterTopics: 4Replies: 7065☆☆☆☆☆Hi,There is only a reserve transfer for the revaluation and there is no transfer for the deferred tax.Thanks November 1, 2017 at 10:51 pm #414076 ematete2005MemberTopics: 22Replies: 64☆☆Thank you.AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In