14KAssumption as to physical condition and manner of use of land

#### 14K Assumption as to physical condition and manner of use of land 14K Assumption as to physical condition and manner of use of land > > (1) For the purpose of valuing any land, it is to be assumed— > > > > > (a) that the physical condition of the land, and of any other land, and > > > > > (b) that the manner in which the land, and any other land, may be used, > > > > were the same on 1 July of the valuing year in respect of which the land is being valued as they were on the date on which the valuation is made. > > > (2) For the purpose of ascertaining any allowance or apportionment factor for any land, it is to be assumed— > > > > > (a) that the physical condition of the land, and of any other land, and > > > > > (b) that the manner in which the land, and any other land, may be used, > > > > were the same on 1 July of the valuing year in respect of which the allowance or apportionment factor is being ascertained as they were on the date on which the land became eligible to have an allowance or apportionment factor ascertained for it. > > **s 14K:** Ins 2000 No 106, Sch 1 \[14\]. Am 2006 No 38, Sch 1 \[4\].