revaluation on a warehouse — OpenTuition Forums

Ddennis7y ago

Hi I was wondering if you have a warehouse and it is being revalued annually would this mean the fair value would be its potential value as an investment property?

P2-D2Tutor7y ago#1

Hi, The fair value will take into account its best use, so if it is held as IP then yes it would be. Thanks

Ddennis7y ago#2

Thanks. So if you're using it as a warehouse then what is considered its best use?

P2-D2Tutor7y ago#3

I'd have thought for storing goods or manufacturing goods. Thanks

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