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Tenancy valuations

Language: English Series: Farm Tax Brief ; 4(7) July 1989, 51-52(2)Publication details: 1989Subject(s): Summary: Applies the principles decided in a recent case to the perennial problem of the valuation of an agricultural tenancy . The decision in Murray v Lloyd , ChD 22 June 1989, concerned the correct measure of damages to be awarded when a right to become a statutory tenant was lost due to negligent solicitors` advice. The court awarded damages of 25% of the freehold value of the house with vacant possession.

Applies the principles decided in a recent case to the perennial problem of the valuation of an agricultural tenancy . The decision in Murray v Lloyd , ChD 22 June 1989, concerned the correct measure of damages to be awarded when a right to become a statutory tenant was lost due to negligent solicitors` advice. The court awarded damages of 25% of the freehold value of the house with vacant possession.