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Valuation

Language: English Series: EGCS ; 1991 2 (26/1/91)Publication details: 1991Subject(s): Summary: Report of Alexander v Inland Revenue Commissioners , CA 17 January 1991, which considered whether, under Finance Act 1975 s22 , which states that the value of property shall be `...the price which the property might reasonably be expected to fetch if sold on the open market at that time...`, this included covenants in the lease obliging the tenant to pay a percentage of the discount under right to buy if they should dispose of the property within five years.

Report of Alexander v Inland Revenue Commissioners , CA 17 January 1991, which considered whether, under Finance Act 1975 s22 , which states that the value of property shall be `...the price which the property might reasonably be expected to fetch if sold on the open market at that time...`, this included covenants in the lease obliging the tenant to pay a percentage of the discount under right to buy if they should dispose of the property within five years.