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Revaluation - Other comprehensive income

Heisenburg81 · 2017-08-06 07:29:54

Hello, Is an unrealised gain on revaluation posted to other comprehensive income and accumulated in equity, actually liable to tax? I know if the asset is sold the gain becomes taxable.

06-08-2017 07:29AM

#1

Heisenburg81

Closed Accounts Posts: 322 ✭✭

Join Date: December 2016

Posts: 187

Hello,
Is an unrealised gain on revaluation posted to other comprehensive income and accumulated in equity, actually liable to tax?
I know if the asset is sold the gain becomes taxable.

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Comments

#2 06-08-2017 08:34AM

wally1990

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No,

Capital gains tax is only liable upon disposal or selling or transferring of an asset

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