This is the original version (as it was originally made).
8. The notional liability of any lands and heritages to which this Part applies on any day is to be calculated in accordance with the formula—
where—
RV is the rateable value of those lands and heritages on that day, and
PF is the poundage figure of —
0.524 where the lands and heritages have a rateable value exceeding £100,000,
0.511 where the lands and heritages have a rateable value exceeding £51,000 but not exceeding £100,000, or
0.498 in any other case.
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