Explanatory Notes

Planning and Compulsory Purchase Act 2004

2004 CHAPTER 5

13th May 2004

Commentary on Sections

Part 8: Compulsory Purchase

Section 103: Assessment of compensation: valuation date

133.Section 103 amends the Land Compensation Act 1961 which sets out the basic rules for assessing compensation on the compulsory purchase of land. It inserts a new section 5A which sets out the date on which the value of the land is to be assessed for the purpose of determining the amount of compensation payable.