7 Deferred tax liabilities
2023 | 2022 | |
Balance at 1 January | 1,837 | 1,876 |
Additions | - | - |
Released | (356) | (39) |
Balance at 31 December | 1,482 | 1,837 |
Bouwinvest has recognised a deferred tax liability of € 1.5 million of a long-term nature for the difference between the fiscal and commercial valuation of the participations of € 5.1 million at year-end 2023 (2022: € 7.1 million). The deferred tax liability is of a long-term nature.