Investment property IAS 40

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.

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August 25, 2023 at 8:50 am #690673
ahmadimam120
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Hi, I know that if a property has been acquired for capital appreciation then it is accounted for under IAS 40. BUT,

I want to know that can a property be used by the owner during that time period for which it is held for capital appreciation to be accounted for under IAS 40?
August 25, 2023 at 9:13 am #690675
Stephen Widberg
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If the owner is using it, it will be PPE.

In the exam use IP and PPE rather than quoting standard numbers.

🙂
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