Highest and Best use

This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.

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November 18, 2017 at 1:08 pm #416439
abdulbasit16
Member
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Sir in case we are getting a higher value from a different use of an asset to that being done by the entity but the change to that use is less likely, for example higher value by converting a commercial property into residential development but less likely to allowed to be done so, do we still consider this amt?
November 19, 2017 at 8:59 pm #416747
P2-D2
Keymaster
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Hi,

It would depend if that use is actually going to be put into place. If it is then yes you would, but if not then we’d ignore it.

Thanks
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