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I have purchased land for $500,000 and it has been revalued to $950,000 in the current year, creating a net gain of $450,000. in the

I have purchased land for $500,000 and it has been revalued to $950,000 in the current year, creating a net gain of $450,000.

in the deferred tax worksheet, what will be the Tax base for the revalued land.

is it the initial cost (500,000)? or the new fair value of the land (950,000)?

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I have purchased land for $500,000 and it has been revalued to $950,000 in the current year, creating a net gain of $450,000. in the

I have purchased land for $500,000 and it has been revalued to $950,000 in the current year, creating a net gain of $450,000. in the deferred tax worksheet, what will be the Tax base for the revalued land. is it the initial cost (500,000)? or the new fair value of the land (950,000)?

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I have purchased land for $500,000 and it has been revalued to $950,000 in the current year, creating a net gain of $450,000.

in the deferred tax worksheet, what will be the Tax base for the revalued land.

is it the initial cost (500,000)? or the new fair value of the land (950,000)?