[Question] Fair value adj for rental propery invested by a cc

[prineesha]

Please advise how do you computate the fair value adj for an investment property(rental property) of a cc and is there any deferred tax. thanks

[CLIVE-TRIANGLE]

The adjustment is the difference between cost price and a value determined by a sworn valuator.

The deferred tax is based on the tax value, which is the cost price less any allowances claimed.

[prineesha]

Thank you clive.