# Damages Act 1996, Paragraph 9


(1) Allowance must be made by the rate-assessor for the impact of inflation on the value of the return or investment to which paragraph 7(2) relates.
(2) The impact of inflation is to be allowed for by reference to, whether indicating an upward or downward trend—
(a) the retail prices index within the meaning of section 833(2) of the Income and Corporation Taxes Act 1988, or
(b) some published information relating to costs, earnings or other monetary factors as is, for use instead of the retail prices index, prescribed in regulations made by the Scottish Ministers.

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Source: https://www.legislation.gov.uk/ukpga/1996/48/schedule/B1/paragraph/9 (the official version)
Page: https://openlegislation.uk/damages-act-1996/schedule-B1/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.