Section 3: Interpretation
17.This section provides the meaning of other defined terms in the Act, including the meaning of “net annual value” and of “rateable value”. The term “lands and heritages” is to be construed in accordance with section 42 of the Lands Valuation (Scotland) Act 1854, so it includes lands, houses, shootings, deer forests, fishings, and all the other categories of property listed in that section.
18.The term “valuation roll”, for the purposes of the Act, means a valuation roll made up on 1 April 2017 and maintained by the assessor for each valuation area under Part 1 of the Local Government (Scotland) Act 1975. The effect of this is that nothing in the Act will extend forward to the next valuation roll, to be made up on 1 April 2023 – it is only the current valuation roll which is affected by the Act’s provisions.
