ESMA comment letter on transfers of investment property

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17 Feb, 2016

The European Securities and Markets Authority (ESMA) has issued its comment letter on the IASB exposure draft ED/2015/9 'Transfers of Investment Property (Proposed amendment to IAS 40)'.

ESMA supports the proposed amendment addressing whether a property under construction or development that was previously classified as inventory could be transferred to investment property when there is an evident change in use.  ESMA also supports retrospective application of the amendment.

The full comment letter is available on the ESMA website.

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