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Damages Act 1996
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Damages Act 1996, Paragraph 10 is up to date with all changes known to be in force on or before 26 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 2(A2) inserted by 2019 asp 4 s. 3(1)(a)
- s. 2(1A)(1B) inserted by 2019 asp 4 s. 3(1)(c)
- s. 2C 2D inserted by 2019 asp 4 s. 3(2)
- s. 2E-2I inserted by 2019 asp 4 s. 4
- s. 2J inserted by 2019 asp 4 s. 5
- s. 4A inserted by 2019 asp 4 s. 6
- s. 4B inserted by 2019 asp 4 s. 7(1)
[F110(1)The standard adjustments must be made by the rate-assessor to a rate of return that would be arrived at but for this paragraph.N.I.
(2)The standard adjustments are the deduction of—
(a)[F21.25 percentage points], to represent—
(i)the impact of taxation, and
(ii)the costs of investment advice and management, and
(b)0.5 of a percentage point, as the further margin involved in relation to the rate of return.]
Textual Amendments
F1Sch. C1 inserted (N.I.) (10.2.2022) by Damages (Return on Investment) Act (Northern Ireland) 2022 (c. 1), s. 5(2), Sch.; S.R. 2022/30, art. 2(c)
F2Words in Sch. C1 para. 10(2)(a) substituted (1.7.2024) by The Damages (Process for Setting Rate of Return) Regulations (Northern Ireland) 2024 (S.R. 2024/137), regs. 1, 2
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