Valuation (Railways) Regulations (Northern Ireland) 2003

Citation

1.  These Regulations may be cited as the Valuation (Railways) Regulations (Northern Ireland) 2003.

Interpretation

2.  In these Regulations “the Company” means the Northern Ireland Railways Company Limited.

Hereditaments

3.—(1) Subject to paragraph (2), anything which would (apart from these Regulations) be more than one hereditament, shall be treated as one hereditament (“the single hereditament”) if it consists of property which is occupied by the Company for the purposes of its undertaking but which is not –

(a) an hotel, refreshment room, dwelling-house, residence, town office or town receiving depot;

(b) used and occupied for the purposes of subsidiary services (other than those connected with the local collection and delivery of parcels, goods or merchandise conveyed or to be conveyed by rail) carried on by the Company for the purpose of road, sea or other transport; or

(c) a store, building or other premises let by the Company or, if unused, capable of being so let.

(2) Where anything would (apart from these Regulations) form a hereditament consisting partly of property mentioned in paragraph (1) and partly of other property, such other property shall not form part of the single hereditament but shall instead be treated as a separate hereditament.

Sealed with the Official Seal of the Department of Finance and Personnel on 13th February 2003.

L.S.

Brian McClure

A senior officer of the

Department of Finance and Personnel