5Repeal in relation to new valuation list of special provision where net annual value fixed having regard to volume of trade
1
In Part I of Schedule 12 to the principal Order (basis of valuation - general rule), paragraph 4 (special provision where net annual value fixed having regard to volume of trade or quantity of minerals or other substances extracted) shall be amended as follows.
2
The words “the volume of trade carried on at the hereditament or” shall be omitted.
3
For the word “it” there shall be substituted the words “
the hereditament
”
.
4
The words “volume or” in both places where they occur shall be omitted.
5
The amendments made by this section do not apply in relation to a valuation list which is in force before the commencement of this section.