IAS 40 Investment Property applies to the accounting for property (land and/or

buildings) held to earn rentals or for capital appreciation (or both). Investment
properties are initially measured at cost and, with some exceptions. may be
subsequently measured using a cost model or fair value model, with changes in
the fair value under the fair value model being recognised in profit or loss.

IAS 40 was reissued in December 2003 and applies to annual periods beginning on
or after 1 January 2005.

History of IAS 40

Date Development Comments

October 1984 Exposure Draft E26 Accounting for Investments published

March 1986 IAS 25 Accounting for Investments issued Operative for financial
statements covering periods beginning on or after 1 January 1987

July 1999 Exposure Draft E64 Investment Property publishedComment

deadline 31 October 1999

April 2000 IAS 40 Investment Property (2000) issued

(Supersedes IAS 25 with respect to investment property) Operative for annual

financial statements covering periods beginning on or after 1 January 2001

May 2002 Exposure Draft Improvements to International Accounting Standards

(2000) published Comment deadline 16 September 2002

18 December 2003IAS 40 Investment Property (2003) issued Effective for

annual periods beginning on or after 1 January 2005

22 May 2008 Amended by Annual Improvements to IFRSs 2007 (include

property under construction or development for future use within scope)
Effective for annual periods beginning on or after 1 January 2009
12 December 2013Amended by Annual Improvements to IFRSs 2011–2013 Cycle
(interrelationship between IFRS 3 and IAS 40) Effective for annual periods
beginning on or after 1 July 2014

8 December 2016 Amended by Transfers of Investment Property (Amendments

to IAS 40) Effective for annual periods beginning on or after 1 July 2018

Related Interpretations

None

Amendments under consideration by the IASB

None