LegalizeThe Home Loss Payments (Prescribed Amounts) (England) Regulations 2008
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 19731, makes the following Regulations:
Citation, commencement and application
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.
Revision of prescribed amounts for home loss payment
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 payment2 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.
Revocation and savings
3
- (1) Subject to paragraph (2), the Home Loss Payments (Prescribed Amounts) (England) Regulations 20073 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
Signed by authority of the Secretary of State
Iain Wright — Parliamentary Under Secretary of State — Department for Communities and Local Government — 19th June 2008
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
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.
Footnotes
1973 c.26. Section 30 was substituted by section 68(3) of the Planning and Compensation Act 1991 (c. 34).
For the definition of “home loss payment”, see section 29(1) of the Land Compensation Act 1973.
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