Paragraph 2 The average market priceI1
England, Wales and Scotland
Subject to paragraphs 4, 6, 7 and 8, the compensation payable to the owner of an animal is the average market price for the category into which the animal falls at the relevant date.
The average market price for each category is to be derived from sales of animals in that category occurring during the relevant period.
For the purposes of this paragraph and paragraph 3, the relevant period is—
in the case of non-pedigree animals, the period of one month ending on the twentieth day of the month preceding that in which the relevant date falls;
in the case of pedigree animals, the period of six months ending on the twentieth day of the month preceding that in which the relevant date falls.
The average market price for a category for which sale price data have been collected is the amount obtained by dividing the sum of the amounts obtained by way of sale prices for all the animals in that category sold during the relevant period by the total number of animals in that category so sold.
Annotations
Commencement
- I1
Sch. para. 2 in force at 1.7.2019, see art. 1