Amendment to Part 4 - liability6
For regulation 34(4) (apportionment of liability), substitute—
4
For the purposes of paragraph (2)—
a
the value of a material interest is the price that it might reasonably be expected to obtain if sold on the open market on the day the apportionment takes place; and
b
the valuation shall assume that the chargeable development has been completed on the day before the apportionment takes place.