The Valuation Office Agency has published guidance covering the calculation of basic loss and occupiers loss payments within its compulsory purchase and compensation technical manual. This material sets out the methodology and requirements for determining compensation owed to property owners and occupiers affected by compulsory purchase orders. The guidance applies to all parties involved in compulsory purchase proceedings who need to understand how these specific loss categories are calculated and awarded.
Source: HMRC (GOV.UK) – Read the original