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Ask the Tutor ACCA SBR

unused tax losses.

Former userFormer user5y ago

[Content removed at user request]

stephenwidbergstephenwidbergTutor5y ago#1
Multiply the loss by the tax rate (unless there are no expected future profits). No need to write about tax bases - examiner wants to know DT Asset. I'm not sure I've ever been able to reconcile it to the definition of tax base - DT assets were around a long time before the term 'tax base' was ever dreamt up.
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