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
- LDGA14/1998
The Tribunal held that for government rent purposes the term 'rateable value' is to be understood in its quantum (valuation) sense and is to be ascertained applying the principles and methods of the Rating Ordinance except that the requirement of rateable occupation is to be disregarded (i.e. the Commissioner may value whether or not the site is liable for rates). The contractor's test is an admissible method but not the sole permissible method. The developer's present intention to develop is irrelevant to the hypothetical year-to-year tenancy valuation. Sections 4 and 5 of the Rent Regulatio…