9 Best basic investment or owner-occupied property starts with the two definitions: 9 Best basic investment or owner-occupied 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.
- Owner-occupied property is property held (by the owner or by the lessee under a finance lease) for use in the production or supply of goods or services or for administrative purposes.
1 Property held under an operating lease
A property interest that is held by a lessee under an operating lease may be classified and accounted for as investment property if, and … Read more