FRS 105/102 and Investment Properties
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Anyone prepared accounts with investment properties under FRS 105 and/or FRS102?
Any thoughts on which standard to choose?
My thoughts are FRS102 because depreciation not required, land and buildings split not required, can appreciate at fair value, etc.
Although an annual valuation is required and as well as deferred tax on the appreciation.
Any thoughts on which standard to choose?
My thoughts are FRS102 because depreciation not required, land and buildings split not required, can appreciate at fair value, etc.
Although an annual valuation is required and as well as deferred tax on the appreciation.
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