Regulation 2 Prescribed assumptions as to plant and machineryI1

England and Wales

For the purpose of determining the rateable value of a hereditament for any day on or after 1st April 2000, in applying the provisions of sub-paragraphs (1) to (7) of paragraph 2 of Schedule 6 to the Local Government Finance Act 1988 —

(a)

in relation to a hereditament in or on which there is plant or machinery which belongs to any of the classes set out in the Schedule to these Regulations, the prescribed assumptions are that:

(i)

any such plant or machinery is part of the hereditament; and

(ii)

the value of any other plant and machinery has no effect on the rent to be estimated as required by paragraph 2(1); and

(b)

in relation to any other hereditament, the prescribed assumption is that the value of any plant or machinery has no effect on the rent to be so estimated.

Annotations

Commencement

I1: Reg. 2 in force at 1.4.2000, see reg. 1