IFRS 5

[Antimason]

<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Ali Akbar</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Antimason</i>

Bro i am a newbie in ACCA and yet i think that it wouldn't be classified under "Non current Asset held for sale", since it is actually not sold out to the customer. it is just given away and the customer or the tenant pays his rent. It is like giving your apartment to someone for rent.



<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear sir

I have used the word lease back, and you are talking about letting out property on lease which is being dealt by IAS 40 'Investment Property'. My question was not that.

ICAPians, the unparalleled..
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OK what about IAS 17 ?????

http//www.iasplus.com/standard/ias17.htm

Perhaps IAS 17 is employed till the leased asset is brought back into the possession of the owner, after which IFRS 5 applies?