Schedule 2 – Compensation for changing or revoking infrastructure consent orders Paragraph 9 – General provisions about compensation for depreciation
404.This paragraph makes general provision about compensation for depreciation and provides that the rules in section 5 of the Land Compensation Act 1961 (rules for assessing compensation) apply for the purpose of assessing compensation for depreciation that is payable under this Schedule. This paragraph also makes various specific provisions about compensation for depreciation where an interest in land is subject to a mortgage.