[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> LAND DEVELOPMENT VALUES (COMPENSATION) ACT (NORTHERN IRELAND) 1965

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

LAND DEVELOPMENT VALUES (COMPENSATION) ACT (NORTHERN IRELAND) 1965 - SECT 33

Calculation of value.

33.(1) In calculating the value of a compensatable estate in and for any of
the purposes of Part II or III

(a)subject to subsection (2), rules (2) to (4) of the rules set out in
section 2 of the Act of 1919 shall, so far as applicable have effect as they
have effect for the purpose of assessing compensation for the compulsory
purchase of land; and

(b)if a compensatable estate to be valued is mortagaged, it shall be treated
as if the mortgage had been discharged.

(2) Rule (3) of the rules mentioned in subsection (1)(a) shall not apply for
the purposes of Schedule 3.

(3) Where, for the purposes of any of the provisions of Part II or III

(a)value falls to be calculated by reference to the duration of a tenancy; and

(b)by reason of any option or other contractual right with respect to the
determination, renewal or continuance of the tenancy the date of expiry of the
tenancy is not ascertainable with certainty;

Ss.3436 rep. by 1972 NI 17 art.110(2) sch.7

© 1965 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/ldvai1965534/s33.html