Valuation Act, 1986
Acts of the Oireachtas
Source: Acts of the Oireachtas

num: 1
paragraphs: —(1) In this Act—
“the Act of 1852” means the Valuation (Ireland) Act, 1852 ;
“the Act of 1860” means the Annual Revision of Rateable Property (Ireland) Amendment Act, 1860;
“the Minister” means the Minister for Finance.
(2) For the purposes of the Valuation Acts, “plant” means—
(a) any fixture or structure so attached or secured to, or integrated with, premises comprising any mill or manufactory, or building erected or used for any such purpose, as to be of a permanent or semi-permanent nature, or
(b) any fixture or structure associated with such premises that, although free-standing, is of such size, weight and construction as to be of a permanent or semi-permanent nature.
num: 2
paragraphs: —For the purposes of the Act of 1852, property falling within any of the categories of fixed property specified in the Schedule to the Act of 1852 (inserted by this Act) shall be deemed to be rateable hereditaments in addition to those specified in section 12 of that Act.
num: 3
paragraphs: —(1) The Act of 1852 is hereby amended by the insertion after section 48 of the following Schedule:
num: 4
paragraphs: —Section 11 of the Act of 1852 applies to the categories of fixed property specified in the Schedule to that Act (inserted by this Act) as if such fixed property were tenements or rateable hereditaments specified in that section, and the valuation of such tenements or hereditaments shall be made in the manner provided by that section in regard to houses and buildings.
num: 5
paragraphs: —(1) Notwithstanding section 11 of the Act of 1852, in making or revising a valuation of a tenement or rateable hereditament, the amount of the valuation which, apart from this section, would be made may be reduced by such amount as is necessary to ensure, in so far as is reasonably practicable, that the amount of the valuation bears the same relationship to the valuations of other tenements and rateable hereditaments as the net annual value of the tenement or rateable hereditament bears to the net annual values of the other tenements and rateable hereditaments.
(2) Without prejudice to the foregoing, for the purpose of ensuring such a relationship regard shall be had, in so far as is reasonably practicable, to the valuations of tenements and rateable hereditaments which are comparable and of similar function and whose valuations have been made or revised within a recent period.
num: 6
paragraphs: —Section 4 of the Valuation (Ireland) Amendment Act, 1854, applies to the categories of fixed property specified in the Schedule to the Act of 1852 (inserted by this Act) as if such fixed property were amongst the tenements or hereditaments specified in that section the annual value of which is liable to frequent alteration.
num: 7
paragraphs: —The following section is hereby substituted for section 7 of the Act of 1860:
“7.—(1) (a) In making the valuation of any mill or manufactory, or building erected or used for any such purpose, the Commissioner of Valuation shall in each case value the water or other motive power thereof, but shall not take into account the value of any machinery therein, save only such as shall be erected and used for the production of motive power.
(b) For the purposes of this subsection, machinery erected and used for the production of motive power includes electrical power connections.
num: 8
paragraphs: —(1) The Act of 1860 is hereby amended by the insertion after section 15 of the following Schedule:
num: 9
paragraphs: —(1) This Act may be cited as the Valuation Act, 1986.
(2) The Valuation Acts and this Act shall be construed together as one.