Global Standards for the world economy

Friday 30 September 2016

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Annual Improvements

Investment Property: Clarifying the interrelationship of IFRS 3 Business Combinations and IAS 40 Investment Property


 Narrow scope amendments (Annual Improvements)

IAS 40 Investment Property: Clarifying the interrelationship of IFRS 3 Business Combinations and IAS 40 Investment Property when classifying property as investment property or owner-occupied property

The objective of this amendment is to clarify that judgement is needed 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 and that this judgement is based on the guidance in IFRS 3.

Project stages

Issued documents

Stage 1: Completed November 2012

Deliberations

Issued documents

Stage completed: December 2013