Trade Related Property 2012
The proposed replacement for the former GN12 that appeared in the 2010 exposure draft of the proposed new IVSs, IVS 303.04, was not approved for final release. The Board considered that there was potential confusion between the proposed standard, the real property standard and the business valuation standard and there was a need to reconsider the objective and status of IVSC’s pronouncements on this subject.
In March 2012 the Board agreed to prepare a Discussion Paper examining some of the valuation challenges arising from this type of property on which comments will be invited. The paper was approved for publication by the Board in July 2012, with comments invited by the end of October.
Only a few comment letters were received. The Board is considering these before decided its next steps.
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