Deferred tax on LLP under FRS 102 1A

Thorpej Registered Posts: 2

I am studying AAT L4, but this is a question for my work

So i am working on an investment property LLP. Under FRS 102 you must recognise deferred tax on revaluations, i have done this several times on Ltd's, but does this apply to LLP's? I can't get an answer from SWAT or the latest SORP for LLPs. No one at my firm knows. Any help would be greatly appreciated. Per FRS 102, it would seem you have to, but it doesn't make sense (in my mind) to do it for an LLP

Thank you

Kind Regards,

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