- This topic has 2 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
-
Posts
-
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.
Hi,
There is only a reserve transfer for the revaluation and there is no transfer for the deferred tax.
Thanks
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.