Basic Loss Payment
(1) This section applies to a person— (a) if he has a qualifying interest in the 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.”
- Royal Courts of Justice, London WC2A 2LL
- Introduction
- Facts
- Issues
- Statutory provisions
- Basic Loss Payment
- Preliminary
- The evidence
- £19,040.00
- Disturbance to Investment Owners
- I believe I am aware of the CPO process and the rules governing the Council acquisition of the property
- pending the final figure being resolved via negotiated agreement or via the Tribunal Process
- £6,250
- £ 10,000.00
- £ 59,587.50
- ADDENDUM ON COSTS
- £ 406.00
- £3,192.80