Regulation 2 Revision of prescribed amounts for home loss payment

(1)

This regulation applies where the date of displacement is on or after 1st October 2023.

(2)

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

(a)

the prescribed maximum amount of home loss payment^f1 is £81,000; and

(b)

the prescribed minimum amount of home loss payment is £8,100.

(3)

For the purposes of section 30(2) of the Land Compensation Act 1973, the prescribed amount of home loss payment is £8,100.

Annotations

f1: See section 29(1) of the Land Compensation Act 1973 for the definition of home loss payment.