Valuation of QuarriesQuarries The scheme for the valuation of quarries has not been published as it is currently undergoing revision following consultations with the quarry industry. This note has been added to publicise some legislative changes contained in The Rating of Quarries (Plant and Machinery) Order (NI) 2007 that have been introduced to the valuation of Plant & Machinery used for specific purposes. Quarries (Plant & Machinery) The issue of exemption for the environmental works in quarries was considered, as part of the review of rating policy. Legislation has been modified from April 2007 to grant rate exemptions (by way of exclusion from the valuation process) for specified items of plant and machinery to promote environmental good practice and align with Northern Ireland policy on aggregates levy. Legislation now provides for the following to be excluded in valuations for rating purposes;
For more information please contact:- |
||