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Amendment to Part 4 - liability

6.  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.