UK GAAP 2019

Chapter 14Investment property

• 1 INTRODUCTION
• 2 COMPARISON BETWEEN SECTION 16 AND IFRS
  • 2.1 Measurement basis after initial recognition
  • 2.2 Valuation method
  • 2.3 Mixed use property
  • 2.4 Inability to reliably measure fair value
  • 2.5 Investment property rented to another group entity
  • 2.6 Disclosures
• 3 REQUIREMENTS OF SECTION 16 FOR INVESTMENT PROPERTY
  • 3.1 Definition, scope and initial recognition of investment property
    • 3.1.1 Investment property under construction
    • 3.1.2 Investment property leased to other group entities
    • 3.1.3 Property with the provision of ancillary services
    • 3.1.4 Land
    • 3.1.5 Property interests held under operating leases
    • 3.1.6 Social benefit entities
    • 3.1.7 Properties with mixed use
    • 3.1.8 Property leased to others
    • 3.1.9 Property held or under construction for sale in the ordinary course of business
    • 3.1.10 Property where rentals are determined by reference to the operations in the property
  • 3.2 Measurement at initial recognition
    • 3.2.1 Deferred payments
    • 3.2.2 Exchange for monetary and/or non-monetary assets
    • 3.2.3 Self-constructed property
    • 3.2.4 Property interests held under a finance or operating lease
    • 3.2.5 Expenditure prior to planning permissions/zoning consents
    • 3.2.6 Income from tenanted property during development
    • 3.2.7 Payments by the vendors to the purchaser
    • 3.2.8 Acquisition of investment property or business combination
  • 3.3 Measurement after initial recognition
    • 3.3.1 Determining fair value
    • 3.3.2 Undue cost or effort
    • 3.3.3 Double-counting of assets and ...