Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010 No. 4

Reduction of rates in respect of certain qualifying hereditaments N.I.

3.  Subject to regulation 5 and the condition in regulation 6, the amount which, apart from these Regulations, would be payable for a qualifying year on account of a rate in respect of the net annual value of a qualifying hereditament shall be reduced by—

(a) 50% if the net annual value of the hereditament does not exceed £2,000;

(b) 25% if the net annual value of the hereditament exceeds £2,000 but does not exceed £5,000.

Commencement Information

I1 Reg. 3 in operation at 1.4.2010, see reg. 1