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.
Citations:
[1955] 5 P and CR 237
Cited by:
Cited – Halil v London Borough of Lambeth LT 2-Mar-2001
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 – . .
Lists of cited by and citing cases may be incomplete.
Land
Updated: 10 May 2022; Ref: scu.230997