Page 222 - F1 Integrated Workbook STUDENT 2018
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Chapter 13
IAS 40 Investment Properties
2.1 Definition
In accordance with IAS 40 Investment Property, investment property is defined as
'land or a building held to earn rentals, or for capital appreciation or both,
rather than for use in the entity or for sale by the entity in the ordinary course
of business' (IAS 40, para 5)
Owner-occupied property is excluded from the definition of investment property.
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