hereditament definition

hereditament means a property which is or may become liable to a rate being a unit of such property which is or would fall to be shown as a separate item in the valuation list;

hereditament means a dwelling within the meaning of Part I of the Local Government Finance Act 1992,

hereditament means a unit of property which would have been shown as a separate item in the valuation list prepared under Part V of the General Rate Act 1967, and shall include a unit of property assessed as such by Yorkshire Water and includes a hereditament deemed to be a single hereditament by virtue of the Rating (Caravan Sites) Act, 1976;

Examples of hereditament in a sentence

• Where a Hereditament is split or merged, the BID Levy shall be made on the revised entries.

• The liable person to pay the BID Levy is the ratepayer liable for non-domestic rates in respect of the Hereditament.

• If the relevant long lease or freehold property owner is part of the Same Group as the Occupier BID Levy Payer for any rateable Hereditament over £400,000 then the Occupier / Property Owner BID Levy shall be 0.325% of RV using the 2017 rating list as at 1 April 2021 and will increase annually by up to 3%.

• If the said Hereditament is split or merged under the 2017 list those rateable values will be used in the calculation.

• Where a BID Levy Payer is not in receipt of charitable relief and occupies a Hereditament defined by the Valuation Office as educational type premises under codes EP or EL a 90% reduction to the BID Levy due will be applied.

More Definitions of hereditament

hereditament means anything which is or is treated as being a hereditament by virtue of the provisions of or any provisions made under section 64 of the 1988 Act including any hereditament to which regulation 6 of the Non-Domestic Rating (Miscellaneous Provisions) Regulations 1989 applies but otherwise excluding any hereditament to which regulations made under section 64(3)(b) of the 1988 Act apply.

hereditament has the meaning given in the Regulations.

hereditament shall have the same meaning as defined in Regulation 1 (2);

hereditament means any land, tenement, mine, hereditament, and property on account of which any person is or may be liable to any rate in respect of which the valuation list is by this Act made conclusive.

hereditament means a unit of property which would have been shown as a separate item in the valuation

hereditament means any real property and all estates, interest, easements and rights whether equitable or legal in, to or out of real property and for the purposes of this Act includes a chattel building;

hereditament. “Liability Order” - means anything which is or treated as being a Hereditament by virtue of the provision of section 64 of the Local Government Finance Act 1988 has the meaning given in the Regulations.