VALUATION OF LAND ACT 1916 - SECT 14O No allowance for expenditure by the Crown
VALUATION OF LAND ACT 1916 - SECT 14O
No allowance for expenditure by the Crown14O No allowance for expenditure by the Crown
If land has been leased by the Crown or a statutory body, no allowance is to be ascertained under this Division for expenditure incurred by the Crown or body, except to the extent to which the Crown or body has been reimbursed in respect of the expenditure by the lessee (otherwise than by payment of rent, rates or taxes).