[Ruth Clements]

I really struggle with tax , trying to do pilot paper 2 question 3 in section B note 2 there is deferred tax on revaluation on assets 4.4m*25%=1.1m
Note 4 a provision for income tax for year ended 30th sept x3 is 3.4m is required
Balance on current tax represents over/ under provision of tax liability for year ended 30th sept x2 and is 1.05m credit ballance on the TB.
At 30th sept x3 tax base of moby’ net assets was 24m less than their carrying amount.
This does not include effect of revaluation from note2. Deferred tax is 8m on the credit side of the TB. What is best way to tackle this question?

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