Good day. It is understood that deferred tax on asset gains at acquisition is deducted from assets when goodwill is calculated. But It is not understood when preparing the consolidated F.O.P for that year, the deferred tax on depreciation of these revaluation gains is also deducted from net assets, as the tax on expense considered revenue not expense. Is there explanation for that? thanks.
You will not see this at this level, where deferred tax and group accounts are kept apart. You will see this as part of SBR, so maybe post the query there.