Deferred tax and Ex interest: Difference between pages

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''Accounting.''
(Ex int).


An accounting concept that arises to match the income and expenditure in a set of financial accounts with their related tax effects, by comparing for example the net book value of fixed assets and their respective Tax written down values.
1. In relation to the transfer of a traded debt instrument, a transfer excluding the entitlement to receive the next interest payment.


Deferred tax relates to the estimated future tax consequences of transactions and events that have been entered into at the balance sheet date.  Deferred tax relates to the difference between the 'accounting' and 'tax' balance sheets.
2. A basis of quoting traded debt prices which excludes the entitlement to receive the next interest payment.


A simple example of a deferred tax asset is a tax loss eligible for carry forward to shelter expected future taxable profits. In this case the expected future tax saving would be an asset/benefit recognised in the current balance sheet.


== See also ==
== See also ==
* [[Tax written down value]]
* [[Cum interest]]

Revision as of 13:16, 6 May 2016

(Ex int).

1. In relation to the transfer of a traded debt instrument, a transfer excluding the entitlement to receive the next interest payment.

2. A basis of quoting traded debt prices which excludes the entitlement to receive the next interest payment.


See also