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Why deferred tax cannot be recognised on non-qualifying land and buildings? What is the treatment of this
Not sure what you’re asking here. For F7, the most you’re likely going to face is the movement on the deferred tax account in a question 2 type scenario. But, of course, that now changes with the new format. It’s probable that the worst you’re going to be faced with is a calculation very much in the same vein as we used to see in questions 2 where there is a movement on the deferred tax account more often than not transferred to the current tax account with the resultant balance on the current tax account being charged or (rarely) credited to the statement of profit or loss
Very occasionally, some of the movement on the deferred tax account was transferred / double entered to the revaluation reserve (twice in 6 years this was the case)
OK?
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