# The Valuation for Rating (Decapitalisation Rate) (Scotland) Regulations 1994, Note: Explanatory note


(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 1995 (and restrict the Valuation for Rating (Decapitalisation Rate) (Scotland) Regulations 1990 so that they will not apply in respect of valuations for the purposes of any such roll).
The decapitalisation rate prescribed is 3.67 per cent in the case of certain church property, healthcare property and educational establishments (as defined in the Regulations) and 5.5 per cent in any other case.

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Source: https://www.legislation.gov.uk/uksi/1994/3256/note (the official version)
Page: https://openlegislation.uk/valuation-for-rating-decapitalisation-rate-scotland-regulations-1994/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.