In January 2016, IFRS 16 Leases made various amendments to IAS 40, including expanding its scope to include both owned investment property and investment property held by a lessee as a right-of-use asset.

In January 2016, IFRS 16 Leases made various amendments to IAS 40, including expanding its scope to include both owned investment property and investment property held by a lessee as a right-of-use asset.

IAS 40 provides guidance on the recognition, measurement, and disclosure of investment property.

May 2, 2024 · IAS 40 governs investment property, defining it as land, a building, or part of a building (or a combination of these) held to earn rental income, capital appreciation, or both. This contrasts with property used for producing or supplying goods and services, administrative purposes, or those intended for sale in the ordinary course of business.

IAS 40 requires all entities to measure the fair value of investment property, for the purpose of either measurement (if the entity uses the fair value model) or disclosure (if it uses the cost model).

International Accounting Standard 40 Investment Property (IAS 40) is set out in paragraphs 1⁠–⁠86. All the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB.

IAS 40 Investment Property Accounting summary 2017 - 05 1 Objective This Standard shall be applied in the recognition, measurement and disclosure of investment property. Scope This Standard does not deal with matters covered in IAS 17 Leases, including: (a) classification of leases as finance leases or operating leases;

Interrelationship between IFRS 3 and IAS 40 Judgement is required to determine whether the acquisition of investment property is the acquisition of an asset, a group of assets or a business combination in the scope of IFRS 3 Business Combinations .

amended the scope of IAS 40 by defining investment property to include both owned investment property and investment property held by a lessee as a right-of-use asset. A summary of the IASB’s considerations in developing the amendments to the scope of IAS 40 are set out in paragraphs BC178–BC181 of IFRS 16.

IAS 40 © IFRS Foundation 1 International Accounting Standard 40 Investment Property Objective 1 The objective of this Standard is to prescribe the accounting treatment for investment property and related disclosure requirements. Scope 2 This Standard shall be applied in the recognition, measurement and disclosure of investment