We aim to contribute to the folklore of function spaces on Lipschitz domains. We prove the boundedness of the trace operator for homogeneous Sobolev and Besov spaces on a special Lipschitz domain with sharp regularity. To achieve this, we provide appropriate definitions and properties, ensuring our construction of these spaces is suitable for non-linear partial differential equations and boundary value problems. The trace theorem holds with the sharp range . While the case of inhomogeneous function spaces is well-known, the case of homogeneous function spaces appears to be new, even for a smooth half-space. We refine several arguments from a previous paper on function spaces on the half-space and include a treatment for the endpoint cases and .

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