117 General provisions as to compensation for depreciation under Part IV
117 General provisions as to compensation for depreciation under Part IV

(1)     For the purpose of assessing any compensation to which this section applies, the rules set out in section 5 of the Land Compensation Act 1961 shall, so far as applicable and subject to any necessary modifications, have effect as they have effect for the purpose of assessing compensation for the compulsory acquisition of an interest in land.

(2)     Subject to regulations [by virtue of section 116], this section applies to any compensation which under the provisions of this Part is payable in respect of depreciation of the value of an interest in land.

(3)     Where an interest in land

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