3 Jan 2014
CLP POWER HONG KONG LTD v. COMMISSIONER OF RATING AND VALUATION
- Citation
- CLP POWER HONG KONG LTD v. COMMISSIONER OF RATING AND VALUATION
- Court
- Lands Tribunal
- Case number
- LDRA366/2004
The Tribunal prohibited interpolation using full post-List Date (2004) accounts as a method to derive exact growth rates for projection at the valuation date and adopted Mr Davis's Original Method to reflect physical and economic state at the List Date; asset-split reference is to SOC register subject to legal qualifications (exclude non-capable-for-occupation assets from RA; contributions of non-registered assets captured in DB); HL's non-rateable AUC and CS are to be excluded from HL asset base but tenant's AUC/CS may remain in HT asset base; wayleaves, pole sites and DCS need not be separa…