SCHEDULES

SCHEDULE 12N.I.BASIS OF VALUATION

PART IIIN.I.HEREDITAMENTS CONTAINING PLANT OR MACHINERY

General exclusion of plant and machinery from valuationN.I.

1.  Subject to the provisions of this Part, in estimating the net annual value of any hereditament no account shall be taken of the value of any plant or machinery in or on the hereditament.N.I.