IFRS® Standards

Transfers of Investment Property (Amend IAS 40)

Summary

The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) project to amend International Accounting Standard (IAS) 40 Investment Property.

Staff Contact(s)

Nancy Estey, CPA, CA

Principal, Accounting Standards Board

Meeting & event summaries


News


December 13, 2016

News

Final Amendments – Transfers of Investment Property (Amendments to IAS 40)

December 13, 2016. The IASB has issued narrow-scope amendments to IAS 40 Investment Property clarifying the requirements on transfers to, or from, investment property. The amendments are effective for annual periods beginning on or after January 1, 2018 with earlier application permitted.

March 16, 2016

News

AcSB Response – Transfers of Investment Property (Proposed amendment to IAS 40)

On March 16, 2016, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in November 2015. The letter supports the proposed narrow-scope amendment and transition provisions. The letter suggests that the description of the IASB’s rationale for the requirement to apply the amendment retrospectively be revised slightly in order to avoid possible confusion. Read the AcSB letter posted by the IASB.

December 15, 2015

News

AcSB Exposure Draft – Transfers of Investment Property (Proposed amendment to IAS 40)

December 15, 2015. The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments, on the form provided, by March 18, 2016.

November 23, 2015

News

IASB Exposure Draft – Transfers of Investment Property (Proposed amendment to IAS 40)

November 23, 2015. The IASB has issued an Exposure Draft proposing an amendment to IAS 40 Investment Property. Canadian stakeholders are encouraged to submit their comments to the IASB by March 18, 2016.

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.