PART 4Government Pipe-line and Storage System
I1124Compensation
1
The Secretary of State must pay compensation to a person who proves that the value of a relevant interest to which the person is entitled is depreciated by reason of the coming into force of section 120, 121 or 125.
2
A “relevant interest” means an interest in land which—
a
comprises, or is held with, land in respect of which a right conferred by section 120, 121 or 125 is exercisable, and
b
subsisted at the time of the coming into force of the section.
3
The amount of compensation payable under subsection (1) is the amount that is equal to the amount of the depreciation.
4
If a person proves loss by reason of damage to, or disturbance in the enjoyment of, any land or chattels (or in Scotland corporeal moveables) as a result of the exercise of any right conferred by section 120 or 121, the person on whose behalf the right is exercised must pay compensation in respect of that loss.
5
Any dispute about entitlement to, or amount of, compensation under this section is to be determined by—
a
in the application of this Act to England and Wales, the Upper Tribunal;
b
in the application of this Act to Scotland, the Lands Tribunal for Scotland.
6
In relation to the assessment of compensation under subsection (1)—
a
for the purposes of an interest in land in England and Wales and the application of section 5A of the Land Compensation Act 1961 (relevant valuation date) the “relevant valuation date” is the date on which the section concerned comes into force;
b
for the purposes of an interest in land in Scotland and the operation of rule 2 in section 12 of the Land Compensation (Scotland) Act 1963 (value of land) the valuation must be made as at the date the section concerned comes into force.