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leasehold property

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › leasehold property

  • This topic has 2 replies, 3 voices, and was last updated 13 years ago by mikayao.
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  • May 29, 2012 at 1:19 pm #52523
    Vipin
    Member
    • Topics: 151
    • Replies: 365
    • ☆☆☆☆

    is leasehold property an investment property? or does this mean that company is leasing this property for a fixed time?

    May 29, 2012 at 4:31 pm #97202
    acca13
    Member
    • Topics: 57
    • Replies: 172
    • ☆☆☆

    The propetry could be either freehold or leasehold, you get it from government for 99 years. It has got nothing to do with investment property or finance lease, treat it as a simple property, like your house might be leased and you live in it, its for your personal use and not a property for an investment purpose.

    May 31, 2012 at 3:33 am #97203
    mikayao
    Member
    • Topics: 2
    • Replies: 13
    • ☆

    just treat it as property in F7

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