The Resource Tax consequences of adopting IFRS : investment property as a test case

Tax consequences of adopting IFRS : investment property as a test case

Label
Tax consequences of adopting IFRS : investment property as a test case
Title
Tax consequences of adopting IFRS : investment property as a test case
Creator
Subject
Language
eng
Summary
This article focuses on the possible fiscal consequences of accepting IAS 40, according to which investment property assets may be valued at fair value rather than historic value. The fiscal meaning is that unrealized gains may be recorded as part of the reporting entity's income, which serves as the basis for calculating taxable income, contrary to the principle of realization. The article reviews how countries (United Kingdom, Ireland, the United States, Finland, Italy, Germany) have dealt with adoption of international financial reporting standards (IFRS), and their theoretical impact on tax law
Citation source
In: Tax notes international. - Falls Church. - Vol. 76 (2014),
http://library.link/vocab/creatorName
Gilbai, E
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • IAS
  • IFRS
  • property tax
  • accounting
Label
Tax consequences of adopting IFRS : investment property as a test case
Instantiates
Publication
Label
Tax consequences of adopting IFRS : investment property as a test case
Publication

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