SCHEDULES

SIXTH SCHEDULEReduction or Extinguishment of Unexpended Balance of Established Development Value

PART IGeneral Provisions

3

The last preceding paragraph shall have effect in relation to a sale of an interest in land by agreement in circumstances corresponding to a compulsory acquisition to which section one of this Act applies as that paragraph has effect in relation to such an acquisition, but subject to the modification that—

a

any reference to the relevant land shall be construed as a reference to the land sold, and

b

any reference to compensation payable in respect of an interest in land shall be construed as a reference to an amount included in the purchase price in respect of that interest.