106 Basic loss payment
Planning and Compulsory Purchase Act 2004 (2004 c 5) | Legislation

Loss payments

106  Basic loss payment

(1)     After section 33 of the Land Compensation Act 1973 (c 26) (home loss payments for certain caravan dwellers) there is inserted the following section—

“Other loss payments
33A Basic loss payment

(1)     This section applies to a person—

(a)     if he has a qualifying interest in land,

(b)     if the interest is acquired compulsorily, and

(c)     to the extent that he is not entitled to a home loss payment in respect of any part of the interest.

(2)     A person to whom this section applies is entitled to payment of whichever is the lower of the following amounts—

(a)     7.5% of the value of his interest;

(b)     £75,000.

(3)     A payment under this section must be made by the acquiring authority.

(4)     An interest in land is a qualifying interest if it is a freehold interest or an interest

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