Interpretation2.

(1)

In these Regulations—

“the 1977 Order” means the Rates (Northern Ireland) Order 1977;

“capital value”, in relation to a hereditament, means the price which a willing seller would reasonably expect to realise for the fee simple absolute in possession in the hereditament, in its actual state and with vacant possession, at the time by reference to which the estimate of net annual value falls to be made, on the assumption that there was then an adequate supply of similar properties available to meet a reasonable demand;

“church hereditament” means any hereditament which falls within Article 41(2)(b) of the 1977 Order;

“contractor’s principle” means the method of ascertaining the net annual value of a hereditament by reference to the actual or notional cost of constructing or providing it or to its capital value;

“decapitalisation rate” means the percentage rate which is applied to the actual or notional cost of construction or provision or to the capital value of any hereditament for the purpose of the contractor’s principle;

“hereditament” means any hereditament or any part of it.

(2)

In these Regulations “educational hereditament” means any hereditament—

(a)

which is constructed or adapted for use, and which is wholly or mainly used, for the purposes of—

(i)

a school within the meaning of Article 2(2) of the Education and Libraries (Northern Ireland) Order 19862;

(ii)

an institution of further education within the meaning of Article 2(2) of the Further Education (Northern Ireland) Order 19973; or

(iii)

a higher education institution within the meaning of Article 30(3) of the Education and Libraries (Northern Ireland) Order 19934; or

(b)

which consists of premises with respect to which a person is registered under Article 118(1)(b) of the Children (Northern Ireland) Order 19955 and which are wholly or mainly used for the purpose of providing day care for children who have attained the age of two years.

(3)

In these Regulations “healthcare hereditament” means any hereditament constructed or adapted wholly or mainly either—

(a)

for the reception and treatment of persons suffering from any illness, injury or infirmity; or

(b)

as a maternity home,

and used for such a purpose.

(4)

Any reference in these Regulations to a hereditament used for any particular purpose includes a reference to a hereditament which is not for the time being in use but which when last in use was used for that purpose.