Valuation of tenancies
Valuation of tenancies
- 1991
- Farm Tax Brief 6(10) November 1991, 77-78(2) .
Explains how partnership tenancies might be accepted as not having a value and clarifies the recent case of "Layzell v Frost", where compensation for the loss of a tenancy, for which there was no open market so that in one sense it had no value, was based on the cost of purchasing a vacant freehold farm.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
AGRICULTURE (MISCELLANEOUS PROVISIONS) ACT 1976
COMPENSATION
LOSS OF TENANCY
PARTNERSHIP TENANCIES
Valuation
Explains how partnership tenancies might be accepted as not having a value and clarifies the recent case of "Layzell v Frost", where compensation for the loss of a tenancy, for which there was no open market so that in one sense it had no value, was based on the cost of purchasing a vacant freehold farm.
PROPERTY-LANDLORD AND TENANT-TENANCIES-AGRICULTURAL TENANCIES
AGRICULTURE (MISCELLANEOUS PROVISIONS) ACT 1976
COMPENSATION
LOSS OF TENANCY
PARTNERSHIP TENANCIES
Valuation