The Rates (Amendment) (Northern Ireland) Order 2006

18.—(1) Amend Article 39 (basis of valuation) as follows. N.I.

(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.”.

Commencement Information

I1 Sch. 2 para. 18 wholly in operation at 1.4.2007; Sch. 2 para. 18 not in operation at date of making see art. 1(3); Sch. 2 para. 18(1)(2)(b)(3)(4) in operation at 1.12.2006 by S.R. 2006/464, art. 2(2), Sch. 2 (with transitional provisions in S.R. 2006/468, art. 3(1), Sch.); Sch. 2 para. 18 in operation at 1.4.2007 in so far as not already in operation by S.R. 2006/464, art. 2(4)