International GAAP 2021

Chapter 19Investment property

• 1 INTRODUCTION
• 2 DEFINITIONS AND SCOPE
  • 2.1 Property interest held under a lease
  • 2.2 Land
  • 2.3 Property leased to others
  • 2.4 Property held for own use (‘owner-occupied’)
  • 2.5 Investment property under construction
  • 2.6 Property held or under construction for sale in the ordinary course of business
  • 2.7 Property with dual uses
  • 2.8 Property with the provision of ancillary services
  • 2.9 Property where rentals are determined by reference to the operations in the property
  • 2.10 Group of assets leased out under a single operating lease
• 3 RECOGNITION
  • 3.1 Expenditure prior to planning permissions/zoning consents
  • 3.2 Other aspects of cost recognition
    • 3.2.1 Repairs and maintenance
    • 3.2.2 Allocation into parts
  • 3.3 Acquisition of investment property or a business combination?
    • 3.3.1 Definition of a business
• 4 INITIAL MEASUREMENT
  • 4.1 Attributable costs
    • 4.1.1 Acquisition of a group of assets that does not constitute a business (‘the group’)
    • 4.1.2 Deferred taxes when acquiring a ‘single asset’ entity that is not a business
  • 4.2 Start-up costs and self-built property
    • 4.2.1 Cost of a building to be demolished in connection with the construction of a new building
  • 4.3 Deferred payments
  • 4.4 Reclassifications from property, plant and equipment or from inventory
  • 4.5 Initial measurement of property held under a lease
  • 4.6 Initial measurement of assets acquired in exchange transactions
  • 4.7 Initial recognition of tenanted investment property subsequently measured ...