Paragraph 1
In these regulations “rateable value” means in the case of any hereditament other than one mentioned in paragraph 2 to 4, the rateable value as last shown in the valuation list for 1990: disregarding, except in the case of a hereditament that is first occupied on or after 1st December 1989 any alteration of the list in pursuance of a proposal made on or after that date by a person other than the valuation officer.