000			01375cab a2200289 4500
001			ABS58115
008			090401t1997 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u82947
041			_aeng
245			_aHoneychurch v McKenna
260			_c1997
350			_a0
490			_aRating & Valuation Reporter _v[1997] RVR 270-280(11)
520			_aLT 14 March 1997. Inspector of Taxes M valued a freehold interest in 1.83ac of land at £55,000, deferred at 12% because it did not have the benefit of planning permission. Landowner and taxpayer H contended that the local plan allowed in 1982 (the determination date) for the land to be used for housing development at the local authorities` discretion (at the time the only localised plan was an out of date map that did not include the area in large scale development) and as the area was one of the most prime locations in Shropshire it would be likely to receive such planning permission. Hence, H adopted a value of £90,000. "Held" Market value at £53,000.
650			_aCAPITAL GAINS TAX
650			_aCAPITAL VALUE
650			_aFREEHOLD INTEREST
650			_aHONEYCHURCH V MCKENNA
650			_aHOPE VALUE
650			_aLOCAL PLAN
650			_aPLANNING PERMISSION
650			_aTAXES MANAGEMENT ACT 1970
650			_aVALUE
690			_aTAXATION-CASE LAW
942			_n0
948			_c05/01/1998
999			_c52393 _d52393