Town and Country Planning (Scotland) Act 1972

152 Calculation of value

(1) In calculating value for any of the purposes of this Part of this Act—

(a) rules (2) to (4) of the rules set out in section 12 of the [1963 c. 51.] Land Compensation (Scotland) Act 1963 shall apply with the necessary modifications; and

(b) if the interest to be valued is subject to a heritable security, it shall be treated as if it were not subject to the security:

Provided that rule (3) of those rules shall not apply for the purposes of Schedule 14 to this Act and that the value of an interest, as calculated for the purposes of section 142 of this Act, may be a minus quantity.