Paragraph 68 Valuation of the landI1

the date of notice under paragraph 61 of the seller’s proposal to transfer the land, or

where no such notice was given, the date on which the landholder gave notice under paragraph 64 of the landholder’s intention to buy the land.

assuming that the seller and buyer are, as respects the transaction, willing, and

where the buyer is a sitting small landholder.

in so far as a seller and a buyer of the land (assuming that they are, as respects the transaction, willing) would do so, any factor attributable to the known existence of a person who (not being the landholder who is exercising a right to buy the land) would be willing to buy the land at a price higher than other persons because of a characteristic of the land which relates peculiarly to that person’s interest in buying it,

when the seller would in the normal course of events have been likely to recover vacant possession of the land from the landholder,

the terms and conditions of any lease of sporting interests affecting the land, and

any moveable property belonging to the owner of the land which is, by agreement between the landholder and the owner, to be sold with, and valued along with, the land.

the absence of the period of time during which the land would, on the open market, be likely to be advertised and exposed for sale,

any factor attributable to any use of the land which is or would be unlawful,

any increase in the value of the land resulting from improvements to the extent that the landholder would be entitled to compensation in respect of those improvements upon renouncing the tenancy of the small landholding,

any increase in the value of the land resulting from the use of any of the land, or changes to the land, for a purpose other than cultivation of the land,

any reduction in the value of the land—

any fixed equipment owned by the landholder.

the value of the estate were the estate being sold by the seller to a person other than the landholder, and

the value of the remainder of the estate (that is to say, the estate less the land in respect of which the right to buy is being exercised) were the remainder being sold by the seller to such a person.

the valuer is to assess—

as at the last date on which notice of intention to buy was given under paragraph 64 in respect of those parts of the estate,

the valuer may, for the purpose of valuation under sub-paragraph (5), apportion to each such part of the estate (or re-apportion if for any reason the sale of any such part does not proceed) such amount representing the reduction in the value of the estate as the valuer considers equitable.

any land forming part of the estate and which is being bought in exercise of a right to buy under this Part, and

any other land forming part of the estate offered for sale by the seller at the same time as the land mentioned in paragraph (a).

the value assessed under sub-paragraph (2), or

where the land forms part of an estate, the greater of the values assessed under—