[F1 1 Valuation of lands and heritages in Scotland leased or occupied by certain bodies and owned by other persons. U.K.

(1) Where any lands and heritages in Scotland are leased or occupied by any company or body whose undertaking is required to be valued by the Assessor of Public Undertakings (Scotland) and owned by some other person—

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

(b) the value of those lands and heritages shall be ascertained and fixed by the assessor of the [F3 valuation area] in which they are situated and not by the Assessor of Public Undertakings (Scotland) and shall be entered in the valuation roll for that [F3 valuation area]; and

(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

(2) The foregoing provisions of this section shall not apply as regards

(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

(b) any lands and heritages which are let for a period exceeding twenty–one years.]

Textual Amendments

F1 S. 1 repealed (E.W.S.) (19.5.1997) by 1997 c. 29, s. 33(2), Sch. 4; S.I. 1997/1097, art. 3, Sch.

F2 S. 1 (1) (a) repealed by Valuation and Rating (Scotland) Act 1956 (c. 60), Sch. 7 Pt. III

F3 Words substituted by Local Government (Scotland) Act 1973 (c. 65), s. 122, Sch. 9 para. 40

F4 S. 1 (1) (c) repealed by Valuation and Rating (Scotland) Act 1956 (c. 60), Sch. 7 Pt. IV

F5 S. 1 (2) (a) repealed by Valuation and Rating (Scotland) Act 1956 (c. 60), Sch. 7 Pt. III