Leana van der Merwe, Technical Manager, Chartered Institute for Business Accountants (CIBA) Leana van der Merwe, Technical Manager, Chartered Institute for Business Accountants (CIBA)
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Property, Property... Who Are You Really?

You have a property on the books. But is it working in the business, or is it earning money on its own? The answer determines whether it is classified as Property, Plant and Equipment (PPE) or Investment Property under IFRS for SMEs. While the buildings may look the same, the accounting treatment is very different. This article breaks it down in simple terms so you can classify property correctly and avoid costly mistakes.

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