Ryde International plc v London Regional Transport [electronic resource]
Ryde International plc v London Regional Transport [electronic resource]
- 2003
- Rating and Valuation Reporter [2003] RVR 273-276(4) .
ACQ/147/2000, 28 May 2003. In an interim ruling on 4 December 2002 (Abs66420) the LT deferred for further consideration as an item for disturbance, a claim under the Land Compensation Act 1961 s5-rule 6 for loss of profits which the claimants (R) contended they would have made for the acquisition by obtaining vacant possession, refurbishing and selling flats and bungalows on the land individually. After considering written submissions the LT rejected the claim because compensation for land acquired from a developer could not include prospective loss of profits from the development of the land. Acquiring authority was ordered to pay R's costs with the exception of those associated with the preliminary hearing (Abs63843).
RYDE INTERNATIONAL PLC V LONDON REGIONAL TRANSPORT
SHELTERED HOUSING
REFURBISHMENT COSTS
REPAIR COSTS
MANAGEMENT COSTS
OPEN MARKET VALUE
BLIGHT
LOSS OF PROFITS
COSTS
LAND COMPENSATION ACT 1961 S5-RULE-2
LAND COMPENSATION ACT 1961 S5-RULE-6
ACQ/147/2000, 28 May 2003. In an interim ruling on 4 December 2002 (Abs66420) the LT deferred for further consideration as an item for disturbance, a claim under the Land Compensation Act 1961 s5-rule 6 for loss of profits which the claimants (R) contended they would have made for the acquisition by obtaining vacant possession, refurbishing and selling flats and bungalows on the land individually. After considering written submissions the LT rejected the claim because compensation for land acquired from a developer could not include prospective loss of profits from the development of the land. Acquiring authority was ordered to pay R's costs with the exception of those associated with the preliminary hearing (Abs63843).
RYDE INTERNATIONAL PLC V LONDON REGIONAL TRANSPORT
SHELTERED HOUSING
REFURBISHMENT COSTS
REPAIR COSTS
MANAGEMENT COSTS
OPEN MARKET VALUE
BLIGHT
LOSS OF PROFITS
COSTS
LAND COMPENSATION ACT 1961 S5-RULE-2
LAND COMPENSATION ACT 1961 S5-RULE-6