26 Nov 1975
HONG KONG & SHANGHAI BANK HONG KONG (TRUSTEE) LTD v. COMMISSIONER OF ESTATE DUTY
- Citation
- HONG KONG & SHANGHAI BANK HONG KONG (TRUSTEE) LTD v. COMMISSIONER OF ESTATE DUTY
- Court
- Court of Appeal
- Case number
- CACV7/1975
The Court upheld the lower court's use of the assets backing method with an appropriate minority discount (approximately 40%) in the circumstances of this company (substantial real estate assets and likelihood of capital gain), and held that the valuation of $11,463 per share was not wrong; the choice of valuation method is empirical and fact‑dependent.