The Non-Domestic Rating (Miscellaneous Provisions) (No. 2) Regulations 1989 (Amendment) (England) Regulations 2000

Explanatory Note

(This note is not part of the Regulations)

Regulation 2 of the Non-Domestic Rating (Miscellaneous Provisions) (No. 2) Regulations 1989 specifies the percentage rate to be applied in relation to the notional cost of construction where a hereditament is valued by reference to the notional cost of constructing or providing it. These Regulations amend that regulation, as respects England, in respect of hereditaments shown in a rating list prepared on or after 1st April 2000–

(a) by substituting a reference to the rateable value being ascertained using the “contractor’s basis of valuation” (an expression widely used and understood by those familiar with valuation matters) for the reference to its being ascertained by reference to the notional cost of constructing or providing it or any part of it;

(b) by adding a new class of hereditament—defence hereditaments—in respect of which a lower appropriate rate is to be assumed;

(c) by amending the definition of “educational hereditament”.