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The Home Loss Payments (Prescribed Amounts) (England) Regulations 2006

S.I. 2006/1658 · Made 21 June 2006

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

ACQUISITION OF LAND, ENGLAND

COMPENSATION, ENGLAND

Made 21st June 2006

Laid before Parliament 28th June 2006

Coming into force 1st September 2006

The Secretary of State, in exercise of the powers conferred by section 30(5) of the Land Compensation Act 1973f1, makes the following Regulations:

Annotations to the whole text

Footnotes

f1

1973 c. 26. Section 30 was substituted by section 68(3) of the Planning and Compensation Act 1991 (c. 34). The functions of the Secretary of State under section 30(5) were, so far as exercisable in relation to Wales, transferred to the National Assembly for Wales by the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672), article 2; see the entry for the Land Compensation Act 1973 in Schedule 1 to the Order.

Contents

  1. 1Citation, commencement and application
  2. 2Revision of prescribed amounts for home loss payment
  3. 3Revocation and savings
  4. Signature
  5. Explanatory note

1Citation, commencement and application

(1)

These Regulations may be cited as the Home Loss Payments (Prescribed Amounts) (England) Regulations 2006 and shall come into force on 1st September 2006.

(2)

These Regulations shall apply in relation to cases of displacement in England only.

2Revision of prescribed amounts for home loss payment

(1)

This regulation applies where the date of displacement is on or after 1st September 2006.

(2)

For the purposes of section 30(1) of the Land Compensation Act 1973—

(a)

the prescribed maximum amount of home loss paymentf1 shall be £40,000; and

(b)

the prescribed minimum amount of home loss payment shall be £4,000.

(3)

For the purposes of section 30(2) of the Land Compensation Act 1973 the prescribed amount of home loss payment shall be £4,000.

3Revocation and savings

(1)

Subject to paragraph (2), the Home Loss Payments (Prescribed Amounts) (England) Regulations 2005f1 are revoked.

(2)

The Regulations mentioned in paragraph (1) shall continue to have effect in relation to a displacement occurring before 1st September 2006.

Signature

Signed by authority of one of her Majesty’s Principal Secretaries of State

Yvette Cooper

Minister of State

Department for Communities and Local Government

21st June 2006

Explanatory note

(This note is not part of the Regulations)

These Regulations increase the amount of home loss payments payable under section 30 of the Land Compensation Act 1973 (“the Act”). A person is entitled to a home loss payment when he is displaced from a dwelling by compulsory purchase or in the other circumstances specified in section 29 of the Act.

Section 30(1) of the Act provides that in cases where a person occupying a dwelling on the date of displacement has an owner’s interest, the amount of home loss payment is calculated as a percentage of the market value of the interest, subject to a maximum and minimum amount.

Section 30(2) specifies the amount of the home loss payment in any other case.

Regulation 2(2)(a) of these Regulations increases the maximum amount payable under section 30(1) of the Act from £38,000 to £40,000 and regulation 2(2)(b) increases the minimum amount from £3,800 to £4,000.

Regulation 2(3) increases the home loss payment under section 30(2) of the Act from £3,800 to £4,000.

These increases have been calculated by reference to the Department for Communities and Local Government’s house price index, which varies in line with changes to house prices.

The revised amounts apply where the displacement occurs on or after 1st September 2006.

Regulation 3 revokes, with savings, the Home Loss Payments (Prescribed Amounts) (England) Regulations 2005.

A full regulatory impact assessment has not been produced for these Regulations, as they put into effect an annual up-rating in line with house price inflation.