• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Deferred tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Deferred tax

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 25, 2022 at 1:46 pm #656426
    ilham9089
    Participant
    • Topics: 301
    • Replies: 190
    • ☆☆☆

    The trial balance of Highwood Co at 31 March 20X6 showed credit balances of $800,000 on current tax and
    $2.6 million on deferred tax. A property was revalued during the year giving rise to deferred tax of
    $3.75 million. This has been included in the deferred tax provision of $6.75 million at 31 March 20X6.
    The income tax liability for the year ended 31 March 20X6 is estimated at $19.4 million.
    What will be shown as the income tax charge in the statement of profit or loss of Highwood at
    31 March 20X6?

    Why do we remove the revaluation deferred tax from the deferred tax provision, isn’t it credited to deferred tax provision? Help, this is making no sense

    May 30, 2022 at 4:46 pm #656886
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    This is the same thing. Any deferred tax on revaluation of PPE is taken through OCI to match where the gain itself was taken.

    Thanks

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • effy.sithole@gmail.com on EPS – diluted EPS Example – ACCA Financial Reporting (FR)
  • Ken Garrett on The Finance Function in the Digital Age – CIMA E1
  • DeborahProspect on ACCA SBR Specimen Exam 2 Question 1
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023
  • darshan.69 on Chapter 9 Pension Schemes TX-UK FA2023

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in