000			01413cab a2200181 4500
001			ABS40471
008			090401t1989 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u24126
041			_aeng
245			_aPennine Raceway Ltd v Kirklees Metropolitan Council
260			_c1989
350			_a0
490			_aRating & Valuation Reporter _v(1989) 29 RVR 12-20(9)
520			_aCA 2 December 1988 Appeal by Pennine Raceway Ltd (P) from LT decision determining the amount of compensation payable by the Council (K) on the revocation of planning permission contained in Town and Country Planning General Development Order 1973 Article 3 and relating to the use of an airfield for drag racing . LT determined the compensation at £103,100, including £102,407 for loss of profits in the years 1975 to 1979. In arriving at this figure for loss of profits LT deducted for corporation tax from a total of £202,744 because "I am not satisfied that the compensation for loss of profits will be assessed to corporation income tax in the hands of the recipients". Held, allowing the appeal, that the hearing must be remitted to the LT with the direction that the award should be for the gross sum of £203,436, because the compensation will be taxable in the hands of P.
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
942			_n0
948			_c04/03/1997
999			_c16160 _d16160