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
- LDGA55/1998
Section 2 of the Rent Regulations must be interpreted to permit the Commissioner to ascertain a rateable value for government rent irrespective of rateable occupation but without displacing established valuation principles (quantum) under the Rating Ordinance; the contractor's test is not the sole permissible method; the developers' present intention to develop is irrelevant to valuation for annual rent (hypothetical year-to-year tenancy assumptions apply); sections 4 and 5 of the Rent Regulations are ultra vires and void to the extent they adopt the 'last ascertained rateable value' as the b…