| 16.4A | An entity that rents investment property to another group entity shall account for those properties either: |
| (a) | at fair value with changes in fair value recognised in profit or loss in accordance with this section (the Appendix to Section 2 provides guidance on determining fair value); or |
| (b) | by transferring them to property, plant and equipment and applying the cost model in accordance with Section 17. |
| An entity choosing to apply (b) above shall provide all the disclosures required by Section 17, other than those related to fair value measurement. |
| 16.4B | When only part of a property is rented to another group entity and the remainder is used for other purposes (such as being rented to an external third party or owner-occupied), paragraph 16.4A only applies to the component of that property that is rented to another group entity. [AMD 382] |
| AMD 382 Amendment Paragraphs 16.4A-16.4B and preceding heading added by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 |
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