Fair Value Knowledge > Investment Property

According to IAS 40.20, an owned investment property shall be measured initially at its cost

According to IAS 40.30, an entity shall choose as its accounting policy either the fair value model in paragraphs 33–55 or the cost model in paragraph 56.

According to IAS 40.35，a gain or loss arising from a change in the fair value of investment property shall be recognised in profit or loss for the period in which it arises.

According to IAS 40.56，after initial recognition, an entity that chooses the cost model shall measure investment property:

(a) in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations if it meets the criteria to be classified as held for sale (or is included in a disposal group that is classified as held for sale);

(b) in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations if it meets the criteria to be classified as held;

(c) in accordance with IFRS 16 if it is held by a lessee as a right-of-use asset and is not held for sale in accordance with IFRS 5; and in accordance with the requirements in IAS 16 for the cost model in all other cases.