PART IIRATING

Recovery of rates

F1Transitional rate relief33A

1

F2Where this Article applies, the Department may, by order subject to negative resolution,—

a

provide for such provisions of this Order as may be specified in the order not to apply; and

b

provide—

i

for the amount of the sum chargeable in respect of rates due in respect of the hereditament to be such as is determined in accordance with rules specified in the order; or

ii

for F3the new net annual value or the new capital value to come into force in such proportion and over such period as may be specified in the order.

F42

This Article applies where, on the coming into force of a new valuation list—

a

a new net annual value; or

b

a new capital value,

is ascribed to a specified hereditament in that list.

3

In this Article—

  • “a new capital value”, in relation to a specified hereditament, means—

    1. a

      a capital value which differs from the capital value ascribed to the hereditament in an old list;

    2. b

      a capital value where no capital value was ascribed to the hereditament in an old list;

  • “new net annual value”, in relation to a specified hereditament, means—

    1. a

      a net annual value which differs from the net annual value ascribed to the hereditament in an old list;

    2. b

      a net annual value where no net annual value was ascribed to the hereditament in an old list;

  • “old list” means a valuation list in force immediately before the coming into force of the new valuation list referred to in paragraph (2) (including a valuation list which continues to have effect thereafter);

  • “specified hereditament” means a hereditament of such a class as may be specified in an order under paragraph (1).