June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

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

Deferred tax

This topic has 6 replies, 2 voices, and was last updated 11 years ago by MikeLittle.

Viewing 7 posts - 1 through 7 (of 7 total)

Author
Posts
October 24, 2013 at 11:40 am #143549
hasanali95
Member
- Topics: 239
- Replies: 248
A loan receivable has a carrying amount of $1m.The repayment of the loan will have no tax consequences.
So what is the tax base?
October 24, 2013 at 10:50 pm #143619
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
In corporate tax profits or losses on disposal of debt instruments are a part of the company’s NTLR (Non Trading Loan Relationship) assessment which does go through the Corporation Tax computation!
Does that help?
October 24, 2013 at 11:01 pm #143620
hasanali95
Member
- Topics: 239
- Replies: 248
No but at p2 level whats the tax base of it?
October 30, 2013 at 10:28 am #144118
hasanali95
Member
- Topics: 239
- Replies: 248
Sir pls reply
October 30, 2013 at 3:46 pm #144158
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
I don’t think I know! When you have researched it, would you be so kind as to post your findings on this thread and we may all benefit.
Thanks
October 30, 2013 at 4:07 pm #144160
hasanali95
Member
- Topics: 239
- Replies: 248
Sorry i havent researched.I was depending on an answer from u
December 1, 2013 at 3:26 pm #148869
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
If, as your original post states, there will be no tax consequences – “repayment of the loan will have no tax consequences” then the tax base must be the same as the carrying value for the purposes of deferred tax
OK?
Author
Posts

Viewing 7 posts - 1 through 7 (of 7 total)

You must be logged in to reply to this topic.