Paragraph 4 I1
United Kingdom
In calculating value for any of the purposes of the principle article—
(a)
rules (2) to (4) of the rules set out in section 5 of the Land Compensation Act 1961f1 apply with the necessary modifications, and
(b)
if the interest to be valued is subject to a mortgage, it is to be treated as if it were not subject to the mortgage.
Annotations
Commencement
- I1
Sch. 2 para. 4 in force at 5.3.1994, see art. 1
Footnotes
- f1