IAS 40 Investment Property

Investment property is property held to earn:
01. For rentals or
02. For Capital Appreciation purposes or
03. For both

Accounting treatment
An entity can choose either
01. The cost model or
02. The Fair Value Model
The Cost Model
The cost model simply as set out in IAS 16

The Fair Value Model
The fair value model recognizes investment properties in the statement of financial position at fair value.
Gains and losses are recognized in the statement of profit or loss.
So,
SoFP : at Fair Value
SoPL : Gain/Losses on revaluation

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