5 Nov 1983
FOOK HONG ENTERPRISES CO LTD v. COMMISSIONER OF RATING AND VALUATION
- Citation
- FOOK HONG ENTERPRISES CO LTD v. COMMISSIONER OF RATING AND VALUATION
- Court
- Lands Tribunal
- Case number
- LDRA34/1983
The Tribunal held the relevant date is when the Valuation List comes into effect (1 April 1977); evidence of actual rentals during and after the projection period is admissible under the Bwllfa principle and K Shoe Shops; the Commissioner erred in 1982 by refusing to consider post-projection rental evidence and by making an excessively conservative projection; the projection error (about 35%) was excessive and required correction; therefore the appeals succeed and the agreed hindsight valuations as at 1 April 1977 are adopted (2 tenements at $67,200 and 58 tenements at $66,000) and the Valuat…