Statutory Instruments with Clear Reports

17 February 2025

SL(6)581 – The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025

Procedure: Made Negative

These Regulations, which apply in relation to Wales, increase the maximum and minimum amounts of home loss payments payable under the Land Compensation Act 1973 (“the Act”) to those occupying, or treated as occupying, a dwelling who have an owner’s interest. These Regulations also increase the amount of home loss payment payable under the Act in any other case.

A person who is displaced from a dwelling by compulsory purchase or in other circumstances specified in section 29 of the Act is entitled to a home loss payment.

Section 30(1) of the Act provides that in cases where a person occupying, or treated as 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 that interest, subject to a maximum and minimum amount.

Section 30(2) of the Act specifies the amount of the home loss payment in any other case.

Regulation 2(a) of these Regulations increases the maximum amount payable under section 30(1) of the Act from £62,000 to £82,000 and regulation 2(b) increases the minimum amount from £6,200 to £8,000.

Regulation 2(c) increases the home loss payment in any other case, under section 30(2) of the Act, from £6,200 to £8,000.

Regulation 3 revokes, with savings, the Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2020.

Parent Act: Land Compensation Act 1973

Date Made: 30 January 2025

Date Laid: 03 February 2025

Coming into force date: 05 March 2025