Planning and Development (Acquisition of Development Land) (Assessment of Compensation) Bill 2003

Public bill · Private Member · Introduced

Would change how compensation is calculated when local authorities compulsorily acquire development land, generally basing it on 125% of the land’s current-use value rather than its possible development value. It would exclude value arising from public investment, planning designations, unlawful use or future development schemes, while protecting certain existing owners and allowing appeals to the High Court on legal questions.

Formal long title

further to regulate by the principles of social justice and to delimit by law the exercise of the right of private ownership and the general right to transfer, bequeath and inherit property, so far as those rights affect the assessment of compensation payable by planning or other local authorities in respect of development land compulsorily acquired, with a view to reconciling the exercise of those rights with the exigencies of the common good, and to provide for related matters

Last updated 17 April 2018