ABSTRACT
This chapter discusses the natural market value must first be determined in accordance with the rules so far. The legislative intent behind these new rules is to provide a code that can be easily understood, and applied. It is certainly true that the old rules were complex and easy to apply. In the case of acquisitions authorised prior to 22nd September 2017, the following rules apply. It is important to understand that there are two sets of statutory rules for disregarding the effect of the scheme underlying the compulsory purchase of land. The first point to note is that with the enactment of the new statutory scheme disregard rules under the Neighbourhood Planning Act 2017, this principle will have less and less relevance. While the Waters case is now one of the principal sources of guidance identifying a scheme, the earlier cases discussed will remain of some assistance in relation to specific problems.
