Interpretation2.
In these Regulations—
“the Act” means the Local Government Finance Act 1988;
“appropriate valuation officer”—
(a)
(b)
“holding company” and “subsidiary” have the meanings given by section 1159 of the Companies Act 2006;
“new hereditament” means a hereditament which comes into existence because—
(a)
property previously rated as a single hereditament becomes liable to be rated in parts;
(b)
property previously rated in parts becomes liable to be rated as a single hereditament;
(c)
a hereditament or any part of a hereditament becomes part of a different hereditament;
“qualifying improvement works” has the meaning given by regulation 4;
“qualifying period”, in relation to a hereditament, means the period mentioned in paragraph 3(1)(a) of Schedule 4ZA or in paragraph 3(2) of Schedule 5A to the Act;
“relevant certificate” means a certificate issued under regulation 5;
“relevant predecessor hereditament”, in relation to a new hereditament, means a hereditament in relation to which the qualifying improvement works were commenced or which includes land which formed part of that hereditament.