English to French Law/Patents Law: Taxation & Customs

The deferred tax asset or liability associated with the net assets acquired is calculated in the same way as other deferred tax assets and liabilities. The deferred tax is not therefore 'fair valued' at the acquisition date. Therefore, if the fair value of the acquired assets and liabilities is different from their tax base, deferred tax will need to be provided on those
temporary differences. The resulting deferred tax assets and liabilities will affect the value of the net assets acquired and hence will impact the calculation of any goodwill, or bargain purchase gain.