6 Feb 2008
馮慶及秦好愛(以萬安膠輪公司的名營業) v. 地政總署署長
- Citation
- 馮慶及秦好愛(以萬安膠輪公司的名營業) v. 地政總署署長
- Court
- Lands Tribunal
- Case number
- LDLR3/2006
The Tribunal accepted the Applicants last year adjusted net profit of HKD 234,700 as historic profit due to a steady growth trend, adopted the Respondents estimate of 5 remaining working years (yielding a years-purchase multiplier of ~3 at 20% discount) producing goodwill of HKD 704,100, and on balance of probabilities found the sons did not dwell in the same dwelling as the proprietor at the relevant date so statutory severance was payable and calculated on verified account figures totalling HKD 180,914; total compensation awarded HKD 885,014.