Hereditament Law and Legal Definition

Hereditament refers to any species of property that may be inherited; real, personal, or mixed, that may be passed to an heir. In the United Kingdom, the Uniform Business Rate is a tax levied on land and building specifically on relevant non-domestic hereditaments. The unit of rateable property, which is taxed, is called the hereditament and is defined by case law. A hereditament is defined in Section 115(1) of the General Rate Act 1967 as "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 (rating) list." The list is used to calulate taxes due on property.