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IAS 16

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IAS 16

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 15, 2015 at 8:31 am #271887
    seebun
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Sir, I would like to know if import taxes paid on the acquisition of specialist building materials may be capitalised as part of the cost of a self-constructed property in accordance with IAS 16? Thank you.

    September 15, 2015 at 10:24 am #271936
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    If those taxes are not reclaimable then, yes, I cannot imagine that they are not available to be capitalised. I would go further and say that, not only may they be capitalised, they should be capitalised

    Ok?

    September 17, 2015 at 11:09 am #272268
    seebun
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Yes thank you.

    September 17, 2015 at 1:25 pm #272290
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23333
    • ☆☆☆☆☆

    You’re welcome

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