06-11-2015, 09:48 AM
Hi Nick, thanks for pointing that out.
After checking, I realized that tax from fair value property gains are only payable when the properties are sold and the gain realized.
Until then, it stays as deferred tax liability, which is non-cash.
After checking, I realized that tax from fair value property gains are only payable when the properties are sold and the gain realized.
Until then, it stays as deferred tax liability, which is non-cash.