HKFRS / IFRS Update — Amendments to HKFRSs: Is acquisition of investment property(ies) in a company an asset acquisition or a business combination?

Published on: 15 Jan 2014

The Hong Kong Institute of Certified Public Accountants will shortly issue Annual Improvements to HKFRSs 2011-2013 Cycle, which are identical to the amendments to IFRSs issued by the IASB in December 2013. The amendments to HKFRSs are expected to be issued later in January 2014. These Annual Improvements contain amendments to four Standards, one of which relates to the commonly encountered issue as to whether an acquisition of a company whose principal assets are investment properties should be treated as an acquisition of assets or a business combination.

This newsletter explains the amendment and the related accounting implications.


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