Regulation 2 Interpretation

In these Regulations—

• “the Act” means the Local Government Finance Act 1988;

• “appropriate valuation officer”—

  1. (a)

     in relation to a hereditament in respect of which regulations under section 53(1) of the Act (contents of central lists)^f1 are in force, means the central valuation officer;

  2. (b)

     in relation to any other hereditament, means the valuation officer compiling or maintaining a local non-domestic rating list^f2 in which the hereditament is shown;

• “company” has the meaning given by section 1(1) of the Companies Act 2006^f3;

• “holding company” and “subsidiary” have the meanings given by section 1159 of the Companies Act 2006;

• “new hereditament” means a hereditament which comes into existence because—

  1. (a)

     property previously rated as a single hereditament becomes liable to be rated in parts;

  2. (b)

     property previously rated in parts becomes liable to be rated as a single hereditament;

  3. (c)

     a hereditament or any part of a hereditament becomes part of a different hereditament;

• “qualifying improvement works” has the meaning given by regulation 4;

• “qualifying period”, in relation to a hereditament, means the period mentioned in paragraph 3(1)(a) of Schedule 4ZA or in paragraph 3(2) of Schedule 5A to the Act;

• “relevant certificate” means a certificate issued under regulation 5;

• “relevant predecessor hereditament”, in relation to a new hereditament, means a hereditament in relation to which the qualifying improvement works were commenced or which includes land which formed part of that hereditament.