If you have a house with an illegal extension, a garage or basement that’s been converted into an illegal apartment or some other issue, the house is nearly impossible to sell. Simply put, mortgage lenders and banks won’t approve loans for buyers who want to sell your house. What do ...
Where I am a lessee in an operating lease for a property and I also lease out the property. I understand that I have the option of accounting for it under IAS 40. However, a significant portion of my lease payments are contingent on revenue (3.5% of revenue generated). Do I still hav...
How you should account for it initially and subsequently, You’ll also learn that the fair value model is NOT the same as the revaluation model, and The video is waiting for you in the end. Here’s alittle bonusfor you: Before we dive in IAS 40, my good friend Professor Robin Joyce...
We have building, which is rented, but last month it was decided to sell it during upcoming 12 months. How I should treat it in my FS? As asset held for sale or as Investment property? We are still renting it many thanks in advance!