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
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
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.
Thank you clive.
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