SCHEDULES
SCHEDULE 7RATEABLE VALUE OF HEREDITAMENTS
Industrial hereditaments (except fishing hereditaments) and freight-transport hereditaments
4B
1
Where a hereditament to whichF2 paragraph 4 or paragraph 4A applies is distinguished in the valuation list as being occupied and used partly forF2 industrial purposes or transport purposes and partly for other purposes, its rateable value shall be the aggregate of—
F1F2za
the relevant percentage (if any) specified in paragraph 4(3) of so much of its net annual value as is shown in the list as apportioned to the occupation and use of the hereditament for industrial purposes;
a
one quarter of so much of its net annual value as is shown in the list as apportioned to the occupation and use of the hereditament for transport purposes, if any; and
b
the whole of so much of its net annual value as is shown in the list as apportioned to the occupation and use of the hereditament for purposes other thanF2 industrial purposes or transport purposes.
2
For the purposes of this paragraph the property of the Belfast Harbour Commissioners within the limits of the port and harbour of Belfast, as defined by the Belfast Harbour Act 1882, held by the said Commissioners and in their actual occupation for their own use or for public purposes, shall be deemed to be a freight-transport hereditament occupied and used wholly for transport purposes.