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LAND DEVELOPMENT VALUES (COMPENSATION) ACT (NORTHERN IRELAND) 1965 - SECT 10

Reduction or extinguishment of development value on initiation of new development.

10.(1) Where any land has a development value and any new development of that
land to which this section applies, is or was initiated, then for the purpose
of determining whether that land or any part thereof has or had a balance of
development value at any subsequent time:

(a)if the development relates or related only to that land the value
(ascertained in accordance with Schedule 3) of that development; or

(b)if the development relates or related to that land together with other
land, so much of the value (so ascertained) of that development as is or was
attributable to that land;

(2) This section applies to new development other than

(a)development which, when determining the state of the land for the purposes
of section 3, was taken to have been completed at the date of the passing of
this Act;

(b)development initiated in pursuance of a planning decision given (whether
with or without conditions) before the passing of this Act on an application
for planning permission made before 26th February 1963.

(3) Where, under subsection (1), it becomes necessary to determine whether any
land had a balance of development value by reference to a date occurring
before the passing of this Act, for the references in subsection (2) to the
passing of this Act there shall be substituted references to that date.

© 1965 Crown Copyright

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