ABSTRACT
In 1925 the position was formalised following the report of the Shortt Committee with the passing of the Rating and Valuation Act. The passing of the Local Government Finance Act 1988, the Valuation for Rating Regulations 1989 were made, but these effectively re-enacted the amended 1960 Regulations. Personal property is normally not rateable, but certain items which are neither land nor buildings may be taken into account if they comprise either: chattels that are neither plant nor machinery, but are permanently attached to and enjoyed with land so that the land’s value is enhanced; plant and machinery. The approach to rateability follows a two-stage process: consider whether the item being considered is ‘plant or machinery’: if it is not plant or machinery the Regulations do not apply; where the item is plant or machinery, consider whether the item of plant or machinery is ‘named’ in the appropriate regulations.
