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IAS 18 — Sales of real estate

Background

The goal of this IFRIC project is to clarify how the requirements of IAS 18 Revenue should be applied to real estate sales in which contracts are agreed before construction is complete.

 

Current status of the project

This project has been completed. IFRIC 15 Agreements for the Construction of Real Estate was issued on 3 July 2008.

 

Project milestones

DateDevelopmentComments
4 July 2007 Draft Interpretation D21 Real Estate Sales published Comment deadline 5 October 2007
3 July 2008 IFRIC 15 Agreements for the Construction of Real Estate issued Effective for annual periods beginning on or after 1 January 2009

Related Discussions

  • IAS 18 — Real estate sales

  • May 03, 2007

  • The IFRIC considered a revised draft of a Draft Interpretation addressing the decisions and suggestions made by the IFRIC at the March 2007 meeting.