OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations prescribe the decapitalisation rate to be applied when valuing lands and heritages in Scotland in accordance with the contractor’s principle for the purposes of any valuation roll which comes into force on or after 1st April 1990.

The decapitalisation rate prescribed is 4 per cent in the case of certain church property, educational establishments or hospitals (as defined in the Regulations) and 6 per cent in any other case.