SCHEDULES

SCHEDULE 6 Planning Compensation Repeals: Minor and Consequential Amendments

The principal Act

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In section 144 (special provisions as to compensation where purchase notice served)—

(a)

in subsection (2)(b), for “existing use value” there is substituted “ Schedule 3 value ”; and

(b)

in subsection (6), for the definition of “existing use value” there is substituted—

““Schedule 3 value”, in relation to such an interest, means the value of that interest calculated on the assumption that planning permission would be granted—

(a)

subject to the condition in Schedule 10, for any development of a class specified in paragraph 1 of Schedule 3; and

(b)

for any development of a class specified in paragraph 2 of Schedule 3.”