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FRS102 and investment property

Accounting treatment in frs102

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Do you have to use the revaluation model for investment property in frs102? Or do you have the choice between cost and revaluation model like IAS40? 

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By paul.benny
17th Sep 2020 16:28

FRS102 is freely available here

Section 16 deals with investment property.

16.7 " An investment property shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss".

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By 2003bluecat
18th Sep 2020 10:47

As Paul has said, fair value only.

Although not a requirement of FRS102, I would advise highlighting any unrealised profits relating to changes in fair value in the accounts (whether through a separate line in the accounts or disclosure in the notes). Helps to make sure these aren't illegally distributed.

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