SCHEDULE 1 Tenants’ Compensation for Milk Quota
Part I Right to Compensation
Assignments
3
Where the tenancy of any land has been assigned after 2nd April 1984 (whether by deed or by operation of law)—
(a)
any milk quota allocated or transferred to the assignor (or treated as having been allocated or transferred to him) in respect of the land shall be treated as if it had instead been allocated or transferred to the assignee; and
(b)
in a case where milk quota is treated under paragraph (a) above as having been transferred to the assignee, he shall be treated for the purposes of any claim in respect of that quota—
(i)
as if he had paid so much of the cost of the transaction by virtue of which the milk quota was transferred as the assignor bore (or is treated as having borne); and
(ii)
in a case where the assignor was in occupation of the land on 2nd April 1984 (or is treated as having been in occupation of the land on that date), as if he had been in occupation of it on that date;
and accordingly the assignor shall not be entitled to a payment under paragraph 1 above in respect of that land.