Interpretation2.

In these Regulations—

“the Act” means the Local Government Finance Act 1988;

“appropriate valuation officer”—

(a)

in relation to a hereditament in respect of which regulations under section 53(1) of the Act (contents of central lists)3 are in force, means the central valuation officer;

(b)

in relation to any other hereditament, means the valuation officer compiling or maintaining a local non-domestic rating list4 in which the hereditament is shown;
“company” has the meaning given by section 1(1) of the Companies Act 20065;

“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.