Deferred Tax Explained

[@rajasekharanchandrasekaran5005]

Thank very much Neil for telecasting this video, it’s really Informative, resourceful & worth watching it, good job and expecting more articles like this 👍

[@amrodavis]

Absolutely useful... I had a hard time understanding this concept... Thanks anyway

[@vipulsarda7974]

Astounding explanation of the concept. Thanks for helping out. Really appreciate your efforts.

[@dulcinea0691]

Excellent video. Thanks Neil :)

[@renatasantos7369]

Good explanation. Thank you very much.

[@Bayushimoju]

In year 2, are the capital allowances not 25k? Even if the new tax base is 50k after previous capital allowances, it is not 25% of the original 100k?

[@Bordersouthindian]

Thank you so much Neil very well explained….

[@qasmb1546]

where can we see an example of the deferred asset losses?

[@thoeunsavoeun5487]

Thank you so much for explaining this, but I don't see the DTA in this video and want to know about it too.

[@KaplanUK-EN]

Hi there, DTA is deferred tax asset, and DTL is deferred tax liability!

[@thoeurnsavoeurn3910]

I want to know about DTL and when it clear from this account(DTL)?

[@anthonyparry2852]

Great lecture from kaplan. Very helpful. Thank you very much 👍🏾👍🏾👍🏾

[@anandudinesh9640]

hey why did he increased the differed tax liability to .5m?

[@anthonyparry2852]

@@anandudinesh9640
The deferred tax liability was increased by 0.5m, not 5m.
The asset was revalued to 5m, whilst the tax base remained the same at 2m. That created a temporary taxable difference of 3m. Multiplying this 3m by the tax rate (20%) gives you deferred tax liability of 0.6m. But since the tax liability account already carries 0.1m, all you need to do is add 0.5m to the tax liability account to get to the total tax liability of 0.6m.
I hope I was able to help?

[@anandudinesh9640]

@@anthonyparry2852 why we are increasing the liability to 0.5 instead off adding the 0.1 existing liability with the deferred tax liability of 0.6 m... please explain :)

[@dexterdex9206]

@@anandudinesh9640 Deferred tax liability due to revaluation = 3M x 20% Tax rate = 0.6M. In Deferred tax liability account we have already recognised DTL of 0.1M, so to make it to 0.6M you need to credit 0.5M only. So now DTL is at 0.6M.

[@dexterdex9206]

Remember we are recognising the movement in DTL. Before revaluation it was only 0.1M now after revaluation it the DTL is at 0.6M.

[@Love_Thoko]

6:45 where does the $50 000 come from?

[@arsingh9411]

the 50,000 is the tax base (after year 1 of tax depreciation)

[@kathleenthomas3602]

Question two the deferred is 0.2mil and not 0.1mil

[@nokwazimabaso7753]

thank you

[@nikuzemukundenkasecarine3282]

Thanks alot!!

[@MusixKye]

Chai.... I'm done for.... I'm going broke 😭😭😭😭😭😭😭😭

[@Ruxxnation]

Great intro but then didn't actually explain what a DTA or DTL is :(

[@KaplanUK-EN]

Hi there, DTA is deferred tax asset, and DTL is deferred tax liability!