The Valuation for Rating (Decapitalisation Rate) (Scotland) Regulations 1994
These Regulations prescribe the decapitalisation rate to be applied when valuing lands and heritages in Scotland in accordance with the contractor’s principle for the purposes of any valuation roll which comes into force on or after 1st April 1995 (and restrict the Valuation for Rating (Decapitalisation Rate) (Scotland) Regulations 1990 so that they will not apply in respect of valuations for the purposes of any such roll).