LT COMPENSATION – compulsory acquisition of leasehold shop and premises – total extinguishment of business – disturbance – analysis of accounts – treatment of wife’s earnings – depreciation of capital assets – multiplier – Land Compensation Act 1961 s1 – Award: andpound;73,176.
Citations:
[2001] EWLands ACQ – 105 – 1999
Links:
Jurisdiction:
England and Wales
Citing:
Cited – Perezic v Bristol Corporation 1955
In calculating compensation on a compulsory purchase, there should be no deduction from notional profit to reflect the ‘wages’ of the proprietor of a business operated by a sole trader. . .
Cited – Klein v London Underground 1996
On the compulsory purchase of a hairdresser’s business, the tribunal adopted a three years’ purchase basis. . .
Cited – Sceneout Ltd v Central Manchester District Council 1995
The tribunal calculated compensation in a total extinguishment by reference to the value to the owner. In this case a multiplier of just under two was used. . .
Cited – Zarraga v Newcastle upon Tyne Corporation 1968
‘in assessing the business profits, no deduction should be made in respect of ‘wages’ of the claimant’s wife, notwithstanding a figure in respect thereof had been allowed for income tax purposes, since the wife could not fairly be classed as a ‘paid . .
Cited – Afzal v Rochdale Metropolitan Borough Council 1980
. .
Cited – Longbottom and Longbottom v Bingley Urban District Council LT 1974
When calculating compensation on the compulsory purchase of property occupied by a partnership, an allowance should be made for managerial or supervisory wages by adding back the wages or drawings of both partners to the average net profits for . .
Cited – Appleby v Ireland 1978
‘the multiplier that has come to be regarded as fair and reasonable as between a dispossessed trader and an acquiring authority is 3YP of ascertained net profit, assuming the business to have been trading at a steady level of profitability and from . .
Lists of cited by and citing cases may be incomplete.
Land
Updated: 30 June 2022; Ref: scu.225639
