Section: Home Loss Payments

New Regulations

Source: Office of Public Sector Information

The Home Loss Payments (Prescribed Amounts) (England) Regulations 2007 SI 1750

These Regulations increase the amount of Home Loss Payments payable under section 30 of the Land Compensation Act 1973. 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 £40,000 to £44,000 and regulation 2(2)(b) increases the minimum amount from £4,000 to £4,400. Regulation 2(3) increases the payment under section 30(2) of the Act from £4,000 to £4,400.

The revised amounts apply where the displacement occurs on or after 1st September 2007.

Legal Update

Reporting on May-July 2007

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