2001 No. 115

RATING AND VALUATION

The Valuation for Rating (Plant and Machinery) (Scotland) Amendment Regulations 2001

Made

Laid before the Scottish Parliament

Coming into force

The Scottish Ministers, in exercise of the powers conferred by section 42 of the Lands Valuation (Scotland) Act 18541 and of all other powers enabling them in that behalf, hereby make the following Regulations:

Citation, commencement and extent1

These Regulations may be cited as the Valuation for Rating (Plant and Machinery) (Scotland) Amendment Regulations 2001 and shall come into force on 1st April 2001.

Amendment of the Valuation for Rating (Plant and Machinery) (Scotland) Regulations 20002

1

The Schedule to the Valuation for Rating (Plant and Machinery) (Scotland) Regulations 20002 shall be amended as follows.

2

In Class 1, for paragraph (a) substitute–

a

“excepted plant and machinery” means plant and machinery on the lands and heritages used or intended to be used for generation, storage, transformation or transmission of power where either–

i

the power is mainly or exclusively for distribution for sale to consumers; or

ii
aa

the plant and machinery is that of a combined heat and power station which is fully exempt or partly exempt within the meaning of paragraph 148(2) or, as the case may be, 148(3) of Schedule 6 to the Finance Act 20003;

bb

the plant and machinery is within paragraphs (b), (c), (d) or (k) of Table 1 below; and

cc

the power is at least in part electrical power;

ANGUS MACKAYA member of the Scottish ExecutiveSt Andrew’s House,Edinburgh

(This note is not part of the Regulations)

These Regulations amend the Valuation for Rating (Plant and Machinery) (Scotland) Regulations 2000 by conferring exemption from rating on an additional class of plant and machinery, namely specified plant and machinery comprised in a combined heat and power station which is fully or partly exempt from climate change levy and which produces (at least in part) electrical power.