ICAEW.com works better with JavaScript enabled.

SSAP 19 Accounting for Investment Properties

Issued November 1981. Effective 1 July 1981. Amended July 1994.

Become a Financial Reporting Faculty member

Find out more about the benefits of membership and joining details.

Join online now

SSAP 19 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:


SSAP 19 defines an investment property in such a way as to distinguish it from other property fixed assets. An investment property is an interest in land and/or buildings: 

  • in respect of which construction work and development have been completed; and
  • which is held for its investment potential, any rental income being negotiated at arm’s length. 

There are two exceptions to this definition:

  • A property owned and occupied by a company for its own purposes is not an investment property;
  • A property let to and occupied by another group company is not an investment property.
  • Investment properties should be included in the balance sheet at their open market value. The movements in market value are taken to the statement of total recognised gains and losses (investment revaluation reserve). Investment properties are not depreciated.

Last updated 21 June 2015