SCHEDULES
SCHEDULE 6 Planning Compensation Repeals: Minor and Consequential Amendments
The principal Act
I119
In section 144 (special provisions as to compensation where purchase notice served)—
a
in subsection (2)(b), for “existing use value” there is substituted “
Schedule 3 value
”
; and
b
in subsection (6), for the definition of “existing use value” there is substituted—
“Schedule 3 value”, in relation to such an interest, means the value of that interest calculated on the assumption that planning permission would be granted—
a
subject to the condition in Schedule 10, for any development of a class specified in paragraph 1 of Schedule 3; and
b
for any development of a class specified in paragraph 2 of Schedule 3.