Land Compensation Act 1973

30 Amount of home loss payment in England and Wales

(1) Subject to subsection (2) below, the amount of a home loss payment in England and Wales shall be—

(a) where the date of displacement is before 1st April 1973, an amount equal to the rateable value of the dwelling multiplied by seven;

(b) where the date of displacement is on or after 1st April 1973, an amount equal to the rateable value of the dwelling multiplied by three ;

subject, in either case, to a maximum of £1,500 and a minimum of £150.

(2) The Secretary of State may from time to time by order prescribe different multipliers and a different maximum or minimum for the purposes of subsection (1) above; and the power to make orders under this subsection shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.

(3) For the purposes of this section the rateable value of a dwelling shall be determined as follows—

(a) if the dwelling is a hereditament for which a rateable value is shown in the valuation list in force on the date of displacement, it shall be that rateable value;

(b) if the dwelling forms part only of such a hereditament or consists of or forms part of more than one such hereditament, an apportionment or aggregation of the rateable value or values so shown shall be made by the valuation officer and the rateable value of the dwelling shall be taken to be the amount certified by him as being the amount which, on such an apportionment or aggregation, is properly attributable to the dwelling;

(c) if neither paragraph (a) nor paragraph (b) of this subsection applies to the dwelling, its rateable value shall be determined by the valuation officer in accordance with the General Rate Acts 1967 and 1970.

(4) In this section " valuation officer " has the same meaning as in the [1967 c. 9.] General Rate Act 1967.