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21/02/2017 - EFRAG requests comments on its draft endorsement advice on Transfers of Investment Property (Amendments to IAS 40)

EFRAG is consulting on both its assessment of Transfers of Investment Property (Amendments to IAS 40)  against the technical criteria in the EU and on its assessment of whether Transfers of Investment Property ​(Amendments to IAS 40)  is conducive to the European public good.​​ Comments are requested by 20 March 2017.


​EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of Transfers of Investment Property (Amendments to IAS 40) ('the Amendments').

The objective of the Amendments is to reinforce the principle in IAS 40 Investment Property that a property should be transferred to, or from, investment property when there is evidence that a change in use has occurred.

The ​Amendments become effective for annual periods beginning on or after 1 January 2018, with earlier application permitted.

EFRAG's overall preliminary assessment is that the Amendments satisfy the criteria for endorsement for use in the EU and therefore recommends their endorsement.

EFRAG is seeking comments on all aspects of its analyses supporting its preliminary conclusions.

The draft endorsement advice can be found here and the invitation to comment here.

Comments are requested by 20 March 2017.

EFRAG has also updated its Endorsement Status Report, which can be downloaded here.