{
  "url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-10",
  "json_url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-10.json",
  "legislation": "ukpga/1996/48",
  "legislation_title": "Damages Act 1996",
  "legislation_url": "https://openlegislation.uk/damages-act-1996",
  "path": "schedule/B1/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "(1) The standard adjustments must be made by the rate-assessor to a rate of return that would be arrived at but for this paragraph.\n(2) The standard adjustments are the deduction of—\n(a) 1.25 percentage points, to represent—\n(i) the impact of taxation, and\n(ii) the costs of investment advice and management, and\n(b) 0.5 of a percentage point, as the further margin involved in relation to the rate of return.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. B1 inserted (S.) (1.7.2019) by Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 (asp 4), s. 9(2), sch.; S.S.I. 2019/197, reg. 2"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. B1 para. 10(2)(a) substituted (1.7.2024) by The Damages (Review of Rate of Return) (Scotland) Regulations 2024 (S.S.I. 2024/163), regs. 1, 2(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1996/48/schedule/B1/paragraph/10",
    "retrieved_at": "2026-10-29T09:29:50.050497+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}