ias 40

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August 5, 2017 at 1:54 pm #400570
adarsh1997
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Could you explain why the following is not IAS 40?

-A new office building used by an insurance entity as its head office which was
purchased specifically in the centre of a major city in order to exploit its capital gains
potential.

Thanks.
August 5, 2017 at 2:02 pm #400572
MikeLittle
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Because it’s owner occupied!

It really cannot be clearer!

“A new office building used by an insurance entity as its head office”
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