29 Mar 1999
AGRILA LTD. AND OTHERS v. COMMISSIONER OF RATING AND VALUATION
- Citation
- AGRILA LTD. AND OTHERS v. COMMISSIONER OF RATING AND VALUATION
- Court
- Lands Tribunal
- Case number
- LDGA9/1998
The Tribunal held that rateable value for government rent must be understood in its quantum sense and ordinarily ascertained applying Rating Ordinance valuation principles (disregarding the question of ratability/occupation); contractor's test is an admissible but not exclusive method; the developers' present intention to develop is irrelevant to the hypothetical year-to-year tenancy valuation; s.2 of the Rent Regulations is validly read to bring development sites into assessment but does not displace Rating Ordinance valuation principles; however ss.4 and 5 of the Rent Regulations are ultra…