000 02294cab a2200325 4500
001 ABS67611
008 040324n2004 000 0 eng u
035 _a(Sirsi) u125564
245 _aRyde International plc v London Regional Transport
260 _c2004
490 _aRating and Valuation Reporter
_v[2004] RVR 60-65(7)
520 _a[2004] EWCA Civ 232, 5 March 2004. Appeal by claimant R against LT decision (ACQ/147/2000, Abs67059) with regards to compensation payable to R for freehold interest in block of flats compulsorily acquired by L in connection with the Croydon Tramlink Scheme. Appeal was concerned with the assessment of compensation payable at valuation date. LT had assessed the compensation due to R under Land Compensation Act 1961 s5-rule-2 for the value of the land in the open market at the valuation date and concluded that R was not entitled to be separately compensated for loss of profit under the 1961 Act s5-rule-6. R argued that if the land had not been acquired by T it would have marketed and sold the flats to individual purchasers at a profit and that assessing the value on the basis of a single sale was tantamount to paying less for the land than it was really worth. "Held": LT decision upheld on the grounds that R was not entitled to separate compensation under s5-rule-6 as compensation for the value of the land on the valuation date had reflected its potentiality for profit making. (See also Abs63843). View judgment at www.bailii.org.
590 _aABS
650 _aRYDE INTERNATIONAL PLC V LONDON REGIONAL TRANSPORT
650 _aCOMPENSATION
650 _aLAND COMPENSATION ACT 1961 S5-RULE-5
650 _aLAND COMPENSATION ACT 1961 S5-RULE-5
650 _aDIRECTOR OF BUILDINGS AND LANDS V SHUN FUNG IRONWORKS LTD
650 _aSHELTERED HOUSING
650 _aREPAIR COSTS
650 _aMANAGEMENT COSTS
650 _aOPEN MARKET VALUE
650 _aBLIGHT
650 _aLOSS OF PROFITS
650 _aCOSTS
650 _aFREEHOLD INTEREST
690 _aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
856 _uhttps://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/cases/EWCA/Civ/2004/232.html&query=Ryde+&method=all
_zView on the BAILII website...
942 _n0
999 _c74299
_d74299