{
  "url": "https://openlegislation.uk/internal-drainage-boards-finance-regulations-1990/schedule/paragraph-2",
  "json_url": "https://openlegislation.uk/internal-drainage-boards-finance-regulations-1990/schedule/paragraph-2.json",
  "legislation": "uksi/1990/72",
  "legislation_title": "The Internal Drainage Boards (Finance) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/internal-drainage-boards-finance-regulations-1990",
  "path": "schedule/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "The annual value shall be taken to be an amount equal to the yearly rent, in respect of a holding comprising the annual value property, at which the holding might reasonably be expected to have been let by a prudent and willing landlord to a prudent and willing tenant, on a tenancy from year to year commencing on 1st April 1988 incorporating the terms set out in paragraph 3 below, taking account (subject to paragraphs 4 to 6 below) of all relevant factors, including (in every case) the character and situation of the holding (including the locality in which it is situated), the productive capacity of the holding and its related earning capacity, and the level of rents for comparable lettings current on 1st April 1988, as determined in accordance with paragraph 6 below, but disregarding (in every case) any liability for payment of drainage rates.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "revoked",
      "affecting": "ukpga/1991/60",
      "affecting_title": "Water Consolidation (Consequential Provisions) Act 1991"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/72/schedule/paragraph/2",
    "retrieved_at": "2026-10-29T15:29:23.930448+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}