Sir why when an item of PP&Equip is revalued, the tax base remains unchanged and hence giving rise to a temporary difference?
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Revaluation of PP&E & its tax treatment
7y ago#1Hi,
Tax authorities ignore the revaluation as it is too subjective, hence the tax base remains the same. Tax authorities only like facts/evidence and that will only arise once the asset is sold in the future.
Thanks
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