Tax base

Produced by Tolley in association with Malcolm Greenbaum

The following Corporation Tax guidance note Produced by Tolley in association with Malcolm Greenbaum provides comprehensive and up to date tax information covering:

  • Tax base
  • Rules for determining tax base
  • Manner of recovery

Tax base

Rules for determining tax base

The tax base under IFRS is defined by one of four rules. These are:

  1. the tax base of an asset is the amount that will be deductible for tax purposes against any taxable economic benefits that will flow to an entity when it recovers the carrying amount of the asset, or

  2. if those

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