[Sharif2310]

hi,

thank you for your answer. I am still massively stuck on when to treat rentals as IAS 16 or IAS40.

“If your business is renting properties then it’s IAS 16

If your business is manufacturing catamarans but the company happens to own an area of land that it rents out to a local farmer, then it’s IAS 40”

if your business is renting properties then are the assets not “held to earn rentals” which means that they should be held under IAS 40?

thank you

[Author]

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