KING'S BENCH DIVISION
ADMINISTRATIVE COURT
The Royal Courts of Justice Strand London WC2A 2LL (Heard remotely via CVP) |
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B e f o r e :
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LINDA McCRACKEN | Applicant | |
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CROWN PROSECUTION SERVICE |
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Lower Ground, 46 Chancery Lane, London WC2A 1JE
Web: www.epiqglobal.com/en-gb/ Email: civil@epiqglobal.co.uk
(Official Shorthand Writers to the Court)
MR J FLETCHER appeared on behalf of the Respondent.
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Crown Copyright ©
MRS JUSTICE FARBEY:
Introduction
Background
Value of the applicant's house
"Tenancy
We understand that [the applicant] has a tenancy for life at nil rent and she is responsible for maintaining the property …
The owners of the shares cannot realise the value of their shares until the end of [the applicant's] life …
In such circumstances, we are of the opinion that an informed purchaser of [the applicant's] share, acting prudently, would deduct 20 per cent from the arithmetical share. This gives a current market value for [the applicant's] 44 per cent share of £9,328: say £9,500.
Valuation
We are of the opinion that the market value of [the applicant's] 44 per cent share in the property amounts to £9,500".
The parties' submissions
Discussion