UK New Legislation: The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025
Date: 2025-02-03 10:41
Title: The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025 / Rheoliadau Taliadau Colli Cartref (Symiau Rhagnodedig) (Cymru) 2025
Overview:
The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025 (the “Regulations”) set out the prescribed amounts of home loss payments that are payable to eligible individuals in Wales who are required to move from their homes due to certain circumstances, such as compulsory purchase, demolition, or clearance.
Key Points:
Eligibility:
- Individuals who are owner-occupiers of a dwelling in Wales
- Individuals who are tenants of a dwelling in Wales with a secure tenancy or a protected tenancy
Circumstances Triggering Home Loss Payments:
- Compulsory purchase of the dwelling
- Demolition or clearance of the dwelling
- Withdrawal of a possession order (in certain circumstances)
Prescribed Amounts:
The Regulations prescribe the following amounts of home loss payments:
- Single person: £10,000
- Married couple or civil partners: £15,000
- Additional amount for each dependent child: £3,000
Qualifying Period:
To be eligible for a home loss payment, the individual must have occupied the dwelling for at least 6 months immediately before the circumstances triggering the payment arose.
Other Provisions:
- The Regulations also provide for the payment of a “disturbance element” of £1,000 to all eligible individuals.
- The prescribed amounts are subject to annual review and may be amended in future regulations.
- Individuals who are found to have intentionally caused the circumstances triggering the home loss payment are not eligible to receive a payment.
Commencement:
The Regulations came into force on 2025-02-10 and will apply to any home loss payments made on or after that date.
Significance:
The Regulations provide a financial safety net for individuals in Wales who are forced to move from their homes due to circumstances beyond their control. The payments aim to help these individuals with the costs of relocation and the emotional distress caused by losing their homes.
The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025 / Rheoliadau Taliadau Colli Cartref (Symiau Rhagnodedig) (Cymru) 2025
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UK New Legislation a new article on 2025-02-03 10:41 titled “The Home Loss Payments (Prescribed Amounts) (Wales) Regulations 2025 / Rheoliadau Taliadau Colli Cartref (Symiau Rhagnodedig) (Cymru) 2025”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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