Meaning of qualifying improvement works4
1
For the purposes of paragraph 3(2) of Schedule 4ZA and paragraph 3(3) of Schedule 5A to the Act “qualifying improvement works”, in relation to a hereditament, means any works completed before 1st April 2028 which—
a
increase the area of the hereditament which comprises a building,
b
otherwise improve the physical state of the hereditament,
c
add rateable plant and machinery to the hereditament, or
d
are associated with the works described in sub-paragraphs (a) to (c) and which reduce the rateable value of the hereditament.
2
Works falling within paragraph (1)(d) are to be treated as the same set of qualifying improvement works as those with which they are associated.
3
In this regulation—
a
references to “hereditament” include references to any relevant predecessor hereditament;
b
“rateable plant and machinery” means any plant and machinery assumed to be part of the hereditament in accordance with the Valuation for Rating (Plant and Machinery) (England) Regulations 20007.