Channel Tunnel Act 1987

30 Rating

In Schedule 3 to the [1974 c. 7.] Local Government Act 1974 (hereditaments in relation to which a method for fixing or determining rateable value may be specified by the Secretary of State under section 19 of that Act), there shall be inserted at the end—

“10 (1) Any hereditament consisting of channel tunnel premises occupied by the Concessionaires or by any subsidiary of theirs.

(2) For the purposes of this paragraph—

(a) "channel tunnel premises" means premises comprised in the tunnel system within the meaning of the Channel Tunnel Act 1987;

(b) "Concessionaires" has the same meaning as in that Act; and

(c) "subsidiary", in relation to the Concessionaires—

(i) means a body corporate which is a subsidiary of theirs or, where the Concessionaires are for the time being two or more persons, of any of them, within the meaning of the [1985 c. 6.] Companies Act 1985; and

(ii) where the Concessionaires are for the time being two or more persons, includes a body corporate which would be a subsidiary of theirs within the meaning of that Act if the Concessionaires were a single body corporate.”