PSAK 13 PROPERTI INVESTASI
IAS 40 INVESTMENT PROPERTIES

Definition of 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. 

The criteria to classify properties as an Investment Property:

1. Mode of usage.
• to earn rentals for capital appreciation or both.
2. Mode of ownership.
• held by the owner or by the lessee under a finance lease.

Examples of investment property: 

• land held for long-term capital appreciation.
• land held for a currently undetermined future use.
• building leased out under an operating lease vacant.
• building held to be leased out under an operating lease.
• property that is being constructed or developed for future use as investment property.

The following are not investment property and, therefore, are outside the scope of IAS 40 or PSAK 13

• property held for use in the production or supply of goods or services or for administrative purposes (PSAK 16).
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (PSAK 16).
• property being constructed or developed on behalf of third parties (IAS 11/PSAK 14 regarding Construction Contracts).
• owner-occupied property,  including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal (PSAK 16/IAS 16 Property Plant, and Equipment).
• property leased to another entity under a finance lease (PSAK 30).

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease

• land held for long-term capital appreciation
 
• land held for a currently undetermined future use
 
• building leased out under an operating lease
 
• vacant building held to be leased out under an operating lease
 
• property that is being constructed or developed for future use as investment property

• property held for use in the production or supply of goods or services or for administrative purposes
 
• property held for sale in the ordinary course of business or in the process of construction of development for such sale (IAS 2 Inventories)
 
• property being constructed or developed on behalf of third parties (IAS 11 Construction Contracts)
 
• owner-occupied property (IAS 16 Property, Plant and Equipment), including property held for future use as owner-occupied property, property held for future development and subsequent use as owner-occupied property, property occupied by employees and owner-occupied property awaiting disposal
 
• property leased to another entity under a finance lease