IAS 12 Income TaxesForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 12 Income TaxesThis topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts January 15, 2019 at 11:37 pm #502159 gangsta1MemberTopics: 75Replies: 10☆☆Sir i have two questions as follows:1) Deferred tax on fair value adjustments following a business combination, how are these accounted for sir?2) Assets/liabilities that are revalued for the purposes on an acquisition, why aren’t the tax bases affected? January 21, 2019 at 8:58 pm #502937 P2-D2KeymasterTopics: 4Replies: 6889☆☆☆☆☆Hi,You only need to be aware of the deferred tax adjustments on the PURP, which is covered in the notes/videos.The tax bases are not adjusted as the tax authorities have no evidence to be able to adjust their values.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In