Rebus sic stantibus rule considered
Rebus sic stantibus rule considered
- 2001
- Estates Gazette [2001] EGCS 26 (1) (02/03/01) .
"Williams (VO) v Scottish & Newcastle Retail Ltd and another" CA 15 February 2001. Two ratepayers (B) occupied licensed premises in different parts of a shopping centre in Milton Keynes. Surrounding retail units commanded much higher rents. In November 1993 Buckinghamshire VT fixed rateable values of £132,000 and £210,000 for B. B appealed to the LT and these values were significantly reduced. The VO appealed to CA, contending that the more lucrative potential of the premises as shops should be taken into account. The Tribunal decision was upheld, and the appeal dismissed. The "Rebus sic stantibus" rule, expressed by the provisions of Local Government Finance Act 1988 s6, had been properly interpreted.
WILLIAMS (VO) V SCOTTISH AND NEWCASTLE RETAIL LTD AND ANOTHER
REBUS SIC STANTIBUS
LOCAL GOVERNMENT AND FINANCE ACT 1988 S6
RENTS
Valuation
RATEABLE VALUES
LANDS TRIBUNAL
"Williams (VO) v Scottish & Newcastle Retail Ltd and another" CA 15 February 2001. Two ratepayers (B) occupied licensed premises in different parts of a shopping centre in Milton Keynes. Surrounding retail units commanded much higher rents. In November 1993 Buckinghamshire VT fixed rateable values of £132,000 and £210,000 for B. B appealed to the LT and these values were significantly reduced. The VO appealed to CA, contending that the more lucrative potential of the premises as shops should be taken into account. The Tribunal decision was upheld, and the appeal dismissed. The "Rebus sic stantibus" rule, expressed by the provisions of Local Government Finance Act 1988 s6, had been properly interpreted.
WILLIAMS (VO) V SCOTTISH AND NEWCASTLE RETAIL LTD AND ANOTHER
REBUS SIC STANTIBUS
LOCAL GOVERNMENT AND FINANCE ACT 1988 S6
RENTS
Valuation
RATEABLE VALUES
LANDS TRIBUNAL