# Local Government Finance Act 1988, Paragraph 18


A hereditament is exempt to the extent that it consists of a mooring which is used or intended to be used by a boat or ship and which is equipped only with a buoy attached to an anchor, weight or other device—
(a) which rests on or in the bed of the sea or any river or other waters when in use, and
(b) which is designed to be raised from that bed from time to time.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/5/paragraph/18 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-5/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.