Valuation of public utilities
3. Notwithstanding any rule of law requiring the rateable value of a hereditament occupied by a public utility undertaking to be estimated solely by reference to the accounts, receipts or profits of the undertaking, in arriving at an amount under paragraph 2(1), (1A) or (1B) of Schedule 6 to the Act(1) in relation to such a hereditament, any evidence relevant to estimating the amount of rent in accordance with that provision is to be taken into account.
(1)
Paragraph 2(1A) and (1B) were inserted by paragraph 38(4) of Schedule 5 to the Local Government and Housing Act 1989.