{
  "url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-12",
  "json_url": "https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-12.json",
  "legislation": "ukpga/1996/48",
  "legislation_title": "Damages Act 1996",
  "legislation_url": "https://openlegislation.uk/damages-act-1996",
  "path": "schedule/B1/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": null,
  "text": "(1) As for the basis on which the rate-assessor is to proceed by virtue of paragraph 7(1), the notional portfolio is a combination of various types of things for investment in.\n(2) In the table—\n(a) the first column shows the types of things that the portfolio is composed of,\n(b) the second column shows the percentage that each of the types of things is of the portfolio.\n(3) Here is the table—\ncash or equivalents\n10%\nnominal gilts\n15%\nindex-linked gilts\n10%\nUK equities\n7.5%\noverseas equities\n12.5%\nhigh-yield bonds\n5%\ninvestment-grade credit\n30%\nproperty (heritable or moveable)\n5%\nother types (see the examples)\n5%\n(4) Examples of other types as mentioned at the bottom of the first column of the table are infrastructure, commodities, hedge funds and absolute return funds.",
  "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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1996/48/schedule/B1/paragraph/12",
    "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."
}