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Town and Country Planning Act 1954
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4(1)If the payment area forms part of the area of the claim holding, the holding (in this paragraph referred to as " the parent holding ") shall be treated, as from the date of the scheme, as having been divided into two claim holdings, that is to say—
(a)a claim holding with an area consisting of that part of the area of the parent holding which constituted the payment area, and with a value equal to that fraction of the value of the parent holding which attached to that part of the area of the parent holding ; and
(b)a claim holding with an area consisting of the residue of the area of the parent holding, and with a value equal to that fraction of the value of the parent holding which attached to the residue of the area of the parent holding.
(2)Where the preceding sub-paragraph applies, the last preceding paragraph shall have effect in relation to the claim holding referred to in head (a) of the preceding sub-paragraph as if it were the parent holding.
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