The Acquisition of Land (Rate of Interest after Entry) (Scotland) Amendment Regulations 2016

Amendment of the Acquisition of Land (Rate of Interest after Entry) (Scotland) Regulations 1995

This section has no associated Policy Notes

2.—(1) The Acquisition of Land (Rate of Interest after Entry) (Scotland) Regulations 1995(1) are amended as follows.

(2) In regulation 2 (rate of interest), at the end of paragraph (1) insert “, except that if the standard rate is lower than 0.5 per cent, the rate of interest on the compensation shall be 0 per cent per annum”.