24 Apr 2013
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
- LDGA241/2004
The Tribunal held that the R&E method is the correct primary method, rejected the Commissioner's WACC approach, adopted an asset-split approach for allocating the divisible balance with a specific uplift to reflect the contribution of CLP's China assets, rejected CB inputs as a reliable adjunct and separate additional awards for tenant effort and risk, held assets under construction non-rateable, held dedicated substations and identified plant/pipework/cables rateable under s8A, and thus allowed the appeals against the CRV assessment.