Yorkshire Traction Co Ltd v South Yorkshire Passenger Transport Executive
Series: Rating and Valuation Reporter ; [2003] RVR 67-100(34)Publication details: 2003Subject(s): Online resources: Summary: LT 16 December 2002. Claimants (Y) sought compensation for a bus station and offices compulsorily purchased by acquiring authority (S). Open market value was to be assessed under Land Compensation Act 1961 s5 rule 2. Y's valuation of £860 000 was based upon an assessment of what a purchaser would have paid by reference to receipts and expenditure. S's valuation of £671 873 was supported by a depreciated replacement cost valuation. LT held that £782 776 compensation should be paid. Value of land taken was £672 000. No compensation was payable for additional rent on the new premises. Y failed to prove claims for loss of revenue and the cost of advertising to bring back lost passengers. View judgment at www.courtservice.gov.uk/tribunals/lands_frm.htm.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS66509 (Browse shelf(Opens below)) | 1 | Available | 121733-1001 |
LT 16 December 2002. Claimants (Y) sought compensation for a bus station and offices compulsorily purchased by acquiring authority (S). Open market value was to be assessed under Land Compensation Act 1961 s5 rule 2. Y's valuation of £860 000 was based upon an assessment of what a purchaser would have paid by reference to receipts and expenditure. S's valuation of £671 873 was supported by a depreciated replacement cost valuation. LT held that £782 776 compensation should be paid. Value of land taken was £672 000. No compensation was payable for additional rent on the new premises. Y failed to prove claims for loss of revenue and the cost of advertising to bring back lost passengers. View judgment at www.courtservice.gov.uk/tribunals/lands_frm.htm.