Compensation

(1) In assessing the amount of compensation payable to the owners of land and buildings acquired for the purposes of this Act under the Land Acquisition (Public Purposes) Act, regard shall be had, among other things, to the following– (a) the state of disrepair of the building; and (b) the fact that the owner has deliberately allowed the building to fall into disrepair. (2) Subject to sub-section (3), in the case of a historical building, the value thereof shall be calculated as the full value of the historical building if sold on the open market, subject to National Cultural Heritage 44 the condition that the use that can be made thereof shall be limited to use for educational, touristic or cultural purposes, less the amount required for the historical building to be restored in accordance with internationally accepted guidelines and standards of craftsmanship and practice for the purpose of rendering it suitable for such educational, touristic or cultural use. (3) Where the value of a historical building as calculated in accordance with this section results in an amount that is higher than the open market value of the said building at the time of the second publication in respect thereof, the full value of the historical building shall not exceed the said open market value. (4) In this section, “the full value of the historical building” means, if the historical building belongs in absolute ownership to the person from whom it has been expropriated, the full value of that building.