ACCA SBR ^UK Syllabus C. Reporting The Financial Performance Of A Range Of Entities - Investment property - Notes ^{6 / 24}

The main differences between FRS 102 Section 16 and IAS 40 Investment Property are:

IAS 40	FRS 102 Section 16
IAS 40 allows a choice between cost and fair value.	FRS 102 requires measurement at fair value provided that it can be measured reliably without undue cost or effort.
IAS 40 stipulates that the separate components of mixed-use property could be sold separately, otherwise the non-investment property element should be insignificant.	Mixed use property can be separately accounted for provided that separate fair values can be determined for each component.
No exclusion regarding property held for social benefit.	Property held for the primary provision of social benefit is excluded.
IAS 40 covers guidance on the exchange of investment property for non-monetary assets.	No guidance.
IAS 40 gives guidance for the situation where the lessor provides ancillary services to the occupants of a property.	FRS 102 does not cover the situation where the lessor provides ancillary services to the occupants of a property.