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IAS — Deferred tax relating to finance leases

Date recorded:


The IFRIC considered the treatment of deferred tax relating to assets and liabilities arising from finance leases.


Decision not to add

June 2005



While noting that there is diversity in practice in applying the requirements of IAS 12 to assets and liabilities arising from finance leases, the IFRIC agreed not to develop any guidance because the issue falls directly within the scope of the Board’s short-term convergence project on income taxes with the FASB. An exposure draft is expected later this year.


IFRIC reference: IAS 12-2

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.