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Transfer of Investment Property (Amendments to IAS 40) [Completed]

Effective date:

The amendments are effective for periods beginning on or after January 1, 2018. Earlier application is permitted.

Transitional provisions:

An entity applies the amendments to changes in use that occur on or after the beginning of the annual reporting period in which the entity first applies the amendments. Retrospective application is also permitted if that is possible without the use of hindsight.

Last updated:

December 2016


This project addresses the question of whether an investment property under construction should be transferred from inventory to investment property when there is an evident change in use.


Other developments 

December 2016

On December 8, 2016, the IASB published Transfers of Investment Property (Amendments to IAS 40) to clarify transfers of property to, or from, investment property.

September 2016

On September 23, 2016, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to issue the final amendments to IAS 40 in December 2016.

July 2016

On July 20, 2016, the IASB staff updated the Work Plan in respect of this project to indicate that the IASB expects to issue the final amendments to IAS 40 sometime before January 31, 2017.

May 2016

On May 20, 2016, the staff updated the IASB Work Plan to indicate that the Board expects to issue the final amendments to the standard by November 2016.

April 2016

On April 22, 2016, the IASB updated its Work Plan in respect of this project to note that it expects to decide on the project direction by July 2016.

December 2015

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

November 2015

On November 19, 2015, the IASB published an ED of proposed amendments to IAS 40, Investment Property. The amendments address transfers of investment property. The amendments proposed in ED/2015/9, Transfers of Investment Property (Proposed amendment to IAS 40) are: (i) Paragraph 57 will be amended to state that an entity shall transfer a property to, or from, investment property when, and only when, there is evidence of a change in use. The change of use shall consist of the property meeting, or ceasing to meet, the definition of investment property. And (ii) the list of examples of evidence in paragraph 57(a) – (d) will be presented as a non-exhaustive list instead of an exhaustive list.  The ED does not contain a proposed effective date. However, the ED proposes that the amendments would be applied retrospectively and that early application would be permitted. Comments are requested by March 18, 2016.

January 2015

The IASB added this narrow scope project to its agenda at its meeting on January 27-29, 2015.


Correction list for hyphenation

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