{
  "url": "https://openlegislation.uk/damages-act-1996/schedule-C1/paragraph-12",
  "json_url": "https://openlegislation.uk/damages-act-1996/schedule-C1/paragraph-12.json",
  "legislation": "ukpga/1996/48",
  "legislation_title": "Damages Act 1996",
  "legislation_url": "https://openlegislation.uk/damages-act-1996",
  "path": "schedule/C1/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) The table is as follows—\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 in 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. C1 inserted (N.I.) (10.2.2022) by Damages (Return on Investment) Act (Northern Ireland) 2022 (c. 1), s. 5(2), Sch.; S.R. 2022/30, art. 2(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1996/48/schedule/C1/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."
}