SCHEDULES
SCHEDULE 2AMENDMENTS
The principal Order
I118
1
Amend Article 39 (basis of valuation) as follows.
2
In paragraph (2)—
a
for “Articles 39A and 39B” substitute “
Article 39A
”
;
b
after “net annual value” insert “
or the capital value
”
.
3
In paragraph (3)—
a
for “Where” substitute “
Subject to paragraph (4), where
”
;
b
after “net annual value” in both places where it occurs insert “
or the capital value
”
.
4
After paragraph (3), add the following paragraph—
4
Sub-paragraphs (b) and (c) of paragraph (3) shall not apply to orders under paragraph 7(4) or 12(3) of Part I of Schedule 12.