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Is the rented out building is the investment property or the property, plant and equipment? What is the different between this rented out building.
in IAS 16 - Property, Plant and Equipment by

1 Answer

+1 vote
If you are not in the business of renting out building, yes it can be investment property.

In­vest­ment property is property (land or a building or part of a building or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital ap­pre­ci­a­tion or both. [IAS 40.5]
by Level 2 Member (4.6k points)