# The Domestic Property (Valuation) (Scotland) Regulations 1991, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations relate to the valuation of domestic properties in Scotland under section 3 of the Local Government Finance and Valuation Act 1991. The properties which are domestic properties for those purposes are defined in section 3(8) of the Act.
Regulation 2 sets out the basis of valuation. The value of any domestic property is to be taken to be the amount which, on the assumptions specified in paragraph (2) of the regulation, it might reasonably have been expected to realise if sold in the open market by a willing seller on 1st April 1991.
Regulation 3 specifies, as the areas for which lists of domestic properties are to be compiled and maintained, each region and islands area.
Regulation 4 and the Schedule make provision for the lists of domestic properties to be compiled by reference to valuation bands.

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Source: https://www.legislation.gov.uk/uksi/1991/2022/note (the official version)
Page: https://openlegislation.uk/domestic-property-valuation-scotland-regulations-1991/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.