SVM115090 | Liaison with Valuation Office and other offices: Trade Related Property

A trade related property is any type of real property which has been designed or adapted for a specific type of business, for example a care home. In such cases the value of the property reflects its trading potential.

Requests for valuations of trade related property (TRP) should be made to the Valuation Office.

A practice note setting out HMRC’s approach to the valuation of TRP as well as apportionment of value in a business using TRP can be found via the following link: practice note.

Additional Guidance: SVM150000