This Statutory Instrument has been made in consequence of a defect in S.I. 1991/1934 and is being issued free of charge to all known recipients of that Statutory Instrument
Statutory Instruments
1991 No. 2815
RATING AND VALUATION
The Domestic Property (Valuation) (Amendment) Regulations 1991
Made
12th December 1991
Laid before Parliament
13th December 1991
Coming into force
16th December 1991
The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by sections 3(3) and 7(2) and (3) of the Local Government Finance and Valuation Act 1991(1) and of all other powers enabling them in that behalf, hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Domestic Property (Valuation)(Amendment) Regulations 1991 and shall come into force on 16th December 1991.
Basis of valuation
2. Regulation 2 of the Domestic Property (Valuation) Regulations 1991(2) is hereby amended–
(a)in paragraph (5) by the omission of the definition of “state of reasonable repair”; and
(b)by the insertion after paragraph (5) of the following paragraph–
“(6) In determining what is “reasonable repair” in relation to a property for the purposes of paragraph (1), the age and character of the property and its locality shall be taken into account.”.
Signed by authority of the Secretary of State for the Environment
Michael Portillo
Minister of State,
Department of the Environment
12th December 1991
David Hunt
Secretary of State for Wales
12 December 1991
Explanatory Note
(This note is not part of the Regulations)
These Regulations amend regulation 2 (basis of valuation) of the Domestic Property (Valuation)Regulations 1991.
The effect of the amendment is to require the age and character of domestic property and its locality, but not the reasonable expectation of a prospective purchaser, to be taken into account for the purpose of applying the valuation assumption that the property is in a state of reasonable repair.