The following assumptions shall be made in assessing the value of the interest in respect of which the claim is made.
Subject to subsection (3) below, it shall be assumed that, in respect of the land in which the interest subsists ("the relevant land") or any part of it, planning permission would be granted—
Notwithstanding subsection (2) above—
It shall be assumed that planning permission would not be granted in respect of the relevant land or any part thereof for any development other than such development as is mentioned in subsection (2) above; and, if planning permission has been granted in respect of the relevant land or any part thereof for such other development, it shall be assumed that the planning permission has not been granted in so far as it relates to development that has not been carried out.
In this section any expression which is also used in the said Act of 1990has the same meaning as in that Act and references to any provision of that Act include references to any corresponding provision previously in force.
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