Question：Per IAS 40, an investment property is:
　　A. Not occupied by the reporting entity for its own purposes.
　　B. A freehold property.
　　C. Held for its investment potential.
　　D. An investment in land and/or buildings.
　　An investment property is:
　　An investment in land and/or buildings;
　　Held to earn rentals or for capital appreciation or both; Not occupied by the reporting entity for its own purposes.
　　An investment property is a special category of land and buildings. Any rental income should be negotiated at arms length. A company (or related group company) cannot occupy an investment property.