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
- LDGA53/1998
Section 2 of the Rent Regulations must be construed to permit ascertainment of rateable value for government rent in the quantum sense applying rating valuation principles but disregarding the question of ratable occupation; the contractor's test is not the sole valuation method and developer's present intention to develop is irrelevant to the hypothetical yearly tenancy valuation; however sections 4 and 5 of the Rent Regulations are ultra vires and contrary to Basic Law Article 121 to the extent they adopt the 'last ascertained rateable value' as the basis for assessing demolished or redevel…