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When to tax revaluation reserve.

Ttaimurahmed13y ago
I am referring to ALLGONE a question from june 2011 and Highwood.

Both questions had a revaluation figure in them, but the revaluation in allgone was taxed( In the income statement and ultimately the SOCIE) and highwood was not. Why is this so?
MikeLittleMikeLittleTutor13y ago#1
Because Steve Scott will tell you when to apply tax to the revaluation reserve - or alternatively he may say "Ignore the tax implications on the revaluation"
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