BIM60165 - Measuring the profits (particular trades): land: trading transactions: reports to BAI Business Profits

You should make a report to BAI Business Profits in any of the following circumstances:

• where the District Valuer’s assistance is sought in a land valuation relating to a trade (BIM51560 onwards), agreement cannot be reached and a Tribunal appeal hearing may be necessary on the valuation point,
• in supervening trading cases which may proceed before the Tribunal (BIM60060),
• when you cannot reach agreement on the valuation of unsold stock in timeshare schemes (BIM60155).