Land Compensation Manual Section 1: Compulsory purchase - general

Appendix 1: Rate of interest after entry on land

The Valuation Office Agency`s technical manual covering all aspects of compulsory purchase and compensation.

Appendix 1: Rate of interest after entry on land

Rate of interest after entry on land - section 32 Land Compensation Act 1961

(See Section 1 Paragraph 1.19)

   
From % Per Annum
1 September 1961
2 December 1961
20 April 1962
16 November 1962
24 February 1965 7
4 August 1967
16 November 1967 7
21 December 1967 8
3 April 1969 9
10 July 1969
13 April 1970 9
30 September 1970
23 January 1971 9
30 April 1971 8
28 September 1971
17 December 1971 7
4 July 1972
8 August 1972
2 January 1973 9
30 January 1973 9 ½
5 April 1973 10½
11 May 1973 10
12 September 1973 12
18 December 1973 13½
30 April 1974 14½
4 March 1975 13½
22 April 1975 12½
22 November 1975 13½
17 March 1976 12½
20 August 1976 13½
8 November 1976 14½
26 November 1976 15½
28 March 1977 14
23 May 1977 13
13 June 1977 12
10 November 1977 10½
20 July 1978 11½
25 October 1978 12½
4 January 1979 14
5 July 1979 13
16 October 1979 14
25 January 1980 17
18 August 1980 16
5 January 1981 14½
5 May 1981 13½
4 September 1981 14½
12 November 1981 16
26 April 1982 15
6 August 1982 14
20 October 1982 12½
26 November 1982 11
14 February 1983 12
18 July 1983 11¼
23 December 1983 10¾
16 August 1984 11¾
9 October 1984 125/8
14 November 1984 11½
9 January 1985 107/8
12 March 1985 13½
14 August 1985 12¼
3 April 1987 11¼
4 June 1987 10
16 November 1987 11
7 June 1988
23 December 1988 117/8
31 October 1989 13
30 December 1991 11½
11 January 1993 9
23 March 1994
31 December 1995
2 January 1996 6
1 April 1996
1 July 1996
31 December 1996
30 June 1997 6
30 September 1997
31 December 1997
30 June 1998 7
31 December 1998
31 March 1999 5
30 June 1999
30 September 1999
4 January 2000 5
31 March 2000
02 April 2001
02 July 2001
01 October 2001
31 December 2001
31 March 2003
30 September 2003 3
31 December 2003
31 March 2004
30 June 2004 4
30 September 2004
30 September 2005 4
2 October 2006
2 January 2007
2 April 2007
2 July 2007 5
1 October 2007
31 December 2007 5
31 March 2008
30 June 2008
31 December 2008
31 March 2009 Nil
30 Sept 2018 to date 0.25%

Any queries arising from the calculation or payment of interest should be referred to the acquiring authority.