# The Aviation Security and Piracy (Overseas Territories) Order 2000, Paragraph 4


In calculating value for any of the purposes of the relevant section—
(a) the following rules shall apply:
(i) the value of land shall, subject as hereinafter provided, be taken to be the amount which the land if sold in the open market by a willing seller might be expected to realise;
(ii) the special suitability or adaptability of the land for any purpose shall not be taken into account if that purpose is a purpose to which it could be applied only in pursuance of statutory powers, or for which there is no market apart from the requirements of any authority possessing compulsory purchase powers;
(iii) where the value of the land is increased by reason of the use thereof or of any premises thereon in a manner which could be restrained by any court, or is contrary to law, or is detrimental to the health of the occupants of the premises or to the public health, the amount of that increase shall not be taken into account;
(b) if the interest to be valued is subject to a mortgage, it shall be treated as if it were not subject to the mortgage.

---
Source: https://www.legislation.gov.uk/uksi/2000/3059/schedule/3/paragraph/4 (the official version)
Page: https://openlegislation.uk/aviation-security-and-piracy-overseas-territories-order-2000/schedule-3/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.