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investment property initial cost of property

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › investment property initial cost of property

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.
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  • January 16, 2021 at 9:51 am #606085
    Cris19
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    is mortgage and real property tax included at the cost of an investment property? i am kind of confused if it is considered as an attributable cost and if real property tax is under legal fees

    January 16, 2021 at 12:31 pm #606116
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3436
    • ☆☆☆☆☆

    Normally legal fees will be capitalised

    Costs of arranging finance should be dealt with in line with rules on financial instruments

    Examiner will not use term ‘real property tax’

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