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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Home Loss Payments (Prescribed Amounts) (England) Regulations 2008 No. 1598 URL: http://www.bailii.org/uk/legis/num_reg/2008/uksi_20081598_en_1.html |
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Made
19th June 2008
Laid before Parliament
26th June 2008
Coming into force
1st September 2008
The Secretary of State, in exercise of the powers conferred by section 30(5) of the Land Compensation Act 1973(1), makes the following Regulations:
1.–(1) These Regulations may be cited as the Home Loss Payments (Prescribed Amounts) (England) Regulations 2008 and shall come into force on 1st September 2008.
(2) These Regulations shall apply in relation to cases of displacement in England only.
2.–(1) This regulation applies where the date of displacement is on or after 1st September 2008.
(2) For the purposes of section 30(1) of the Land Compensation Act 1973–
(a) the prescribed maximum amount of home loss payment(2) shall be £47,000; and
(b) the prescribed minimum amount of home loss payment shall be £4,700.
(3) For the purposes of section 30(2) of the Land Compensation Act 1973, the prescribed amount of home loss payment shall be £4,700.
3.–(1) Subject to paragraph (2), the Home Loss Payments (Prescribed Amounts) (England) Regulations 2007(3) are revoked.
(2) The Regulations mentioned in paragraph (1) shall continue to have effect in relation to a displacement occurring before 1st September 2008.
Signed by authority of the Secretary of State
Iain Wright
Parliamentary Under Secretary of State
Department for Communities and Local Government
19th June 2008
(This note is not part of the Regulations)
These Regulations increase the amount of home loss payments payable in England under section 30 of the Land Compensation Act 1973 ("the Act"). A person is entitled to a home loss payment when they are 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 £44,000 to £47,000 and regulation 2(2)(b) increases the minimum amount from £4,400 to £4,700.
Regulation 2(3) increases the home loss payment under section 30(2) of the Act from £4,400 to £4,700.
These increases have been calculated by reference to the Department for Communities and Local Government´s house price index, which varies in line with changes to house prices.
The revised amounts apply where the displacement occurs on or after the 1st September 2008.
Regulation 3 revokes, with savings, the Home Loss Payments (Prescribed Amounts) (England) Regulations 2007.
A full impact assessment has not been produced for these Regulations, as they put into effect an annual up-rating in line with house price inflation.
1973 c.26. Section 30 was substituted by section 68(3) of the Planning and Compensation Act 1991 (c. 34). Back [1]
For the definition of "home loss payment", see section 29(1) of the Land Compensation Act 1973. Back [2]
S.I. 2007/1750. Back [3]
