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HMRC internal manual

Business Income Manual

HM Revenue & Customs
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Measuring the profits (particular trades): land: trading transactions: acquisition and disposal of superior interest: advice of District Valuer

The amount of the trading profit will be determined, in part by the market value of the tenancy.

It is therefore essential to get an idea of that value and the consequent tax effect before becoming involved in a technical argument.

The District Valuer’s assistance should be sought at an early stage, following the instructions at BIM51560 onwards.

You should only take up potentially cost effective cases.