Investment property or capital work in progress


Joined
Nov 8, 2017
Messages
3
Reaction score
0
Country
Trinidad And Tobago
Hello

I am aware that investment property is property held for rental or capital appreciation, or both.

If a company purchases land and then after a year it starts to develop that same land to sell, should the land be classed as investment property for the first year only and then capital work in progress until ready for sale? Selling land is NOT the normal course of business for this company.
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top