1.—(1) This paragraph applies where—N.I.
(a)a hereditament consists wholly or in part of land on which a right of sporting is exercisable; and
(b)the right is not severed from the occupation of the land.
(2) For the purposes of determining the net annual value of the hereditament, the rent at which the hereditament might reasonably be expected to let shall be estimated as if the right of sporting did not exist.
[F2(2A) For the purposes of determining the capital value of the hereditament, the right of sporting shall be treated as if it did not exist.]
(3) In this paragraph “right of sporting” means a right of fowling, shooting, taking or killing game or rabbits, or fishing.]
F2Sch. 12 Pt. 1A para. 1(2A) inserted (1.12.2006) by Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18)), arts. 1(3), 39, Sch. 2 para. 48(3); S.R. 2006/464, art. 2(2), Sch. 2 (with transitional provisions in S.R. 2006/468, art. 3(1), Sch.)