I have asked several of my colleagues this same question who all have differing opinions. So we have a trade and asset transfer and in the accounts we can see fair value adjustments writing down the stock, the creditors and debtors and the fixed assets upon transfer in the note showing the value of goodwill to be capitalised. My question is does there need to be a tax adjustment in respect of the fair value adjustments to the stock,creditors etc?
20th Dec 2014
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Trade and asset transfers – fair value adjustments
Trade and asset transfers – fair value adjustments