5(1)In section 5 of the Land Compensation Act 1973 (assessment of compensation: assumptions as to planning permission)—E+W
(a)for subsection (2) there is substituted—
“(2)Subject to subsection (3) below, it shall be assumed that, in respect of the land in which the interest subsists (“the relevant land”) or any part of it, planning permission would be granted—
(a)subject to the condition set out in Schedule 10 to the Town and Country Planning Act 1990, for any development of a class specified in paragraph 1 of Schedule 3 to that Act; and
(b)for any development of a class specified in paragraph 2 of Schedule 3 to that Act.”; and
(b)in subsection (3), paragraphs (a) and (b) are omitted.
(2)This paragraph shall have effect, or be treated as having had effect, where the relevant date for the purposes of Part I of the M1Land Compensation Act 1973 fell or falls on or after 16th November 1990.