Rent capitalisation method upheld for valuing tenanted property; factual findings meant no question of law arose.

Rent capitalisation is an approved method for valuing let out immovable property, and the Tribunal's use of that method was supported by factual findings that the gifted property was tenanted, the tenant had long possession, and occupation continued after the gift. On that basis, the High Court held that the dispute did not raise any question of law for reference. The reference was declined.

---

---

Issues: Whether the Tribunal was correct in adopting the rent capitalisation method for valuation of the gifted property and whether any question of law arose for reference.

Analysis: The Tribunal's conclusion rested on the circumstances that the property was tenanted, the tenant had been in occupation for a long period, and continued in possession even after the gift. Rent capitalisation method is an approved method for valuing let out immovable property. The findings supporting the Tribunal's choice of valuation method were essentially factual.

Conclusion: No question of law arose for answer, and the reference was declined.

---