Investment propertyvs Property plant and equipment

Didn't find your answer?

Hi guys,

Quick one for you, a property used for short term accomodation, or rented out to Goverment for social housing, is it recognised as PPE instead of investment property under Section 17?

Kind Regards,

 

Replies (1)

Please login or register to join the discussion.

avatar
By paul.benny
08th Jun 2024 07:44

Appendix 1 of FRS102 defines investment property. If and only if your property meets that definition, then it should be accounted for as investment property. The information given in the OP suggests it may well meet the definition, but you are in possession of the full facts and must make your own judgement.

FRS102 can be downloaded without charge from the FRC website.

Thanks (2)