Part IV Miscellaneous
Valuation and rating
152 Amendment of definition of “lands and heritages”.
1
The M1Lands Valuation (Scotland) Act 1854 shall be amended as follows.
2
In section 42 (interpretation), in the definition of “lands and heritages”, for the words from “all machinery fixed” to the end of the first proviso substitute the words “
such class or classes of plant or machinery in or on any lands and heritages as may be prescribed by the Secretary of State by regulations
”
.
3
After section 42 add—
43 Regulations.
1
Regulations under section 42 of this Act may, if made so as to take effect other than at the beginning of a year of revaluation (within the meaning of the M2Local Government (Scotland) Act 1975), provide for the revaluation of any lands and heritages affected by the regulations.
2
The power to make regulations under the said section 42 shall be exercisable by statutory instrument.
3
Any statutory instrument containing regulations made under the said section 42 shall be subject to annulment in pursuance of a resolution of either House of Parliament.