Town and Country Planning (Scotland) Act 1972

129 Reduction or extinguishment of balance in consequence of compensation

(1) Where at any time compensation becomes payable under this Part of this Act. or became payable under Part II of the Act of 1954, in respect of depreciation of the value of an interest in land by a planning decision, then, for the purpose of determining whether that land or any part thereof has or had an unexpended balance of established development value at any subsequent time, the amount of the compensation shall be deducted from the original unexpended balance of established development value of that land, and the original unexpended balance of that land or that part thereof shall be treated as having been reduced or extinguished accordingly immediately before that subsequent time.

(2) Subsection "(1) of this section shall have effect subject to the provisions of this Part of this Act relating to the recovery of compensation on subsequent development.