ABOUT ACCOUNTING CLUBS
Discover who we are and what we do
Expert Q&A’s
Read about various complex accounting concepts
PODCASTS
See the podcasts we offer to help in your respective areas
Chapter 6: Leased property – Lessee perspective
Investment property held by a lessee as a right-of-use asset is initially recognised based on IFRS 16.
If a property interest held under a lease is classified as an investment property and is accounted for at fair value, it is the leased interest (that is, the right-of-use asset) and not the underlying property that is measured.