Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2013
Citation and commencement1.
These Regulations may be cited as the Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2013 and shall come into operation on 1st April 2013.
Amendment of the Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 20102.
(1)
(2)
““prescribed recreation” has the meaning assigned to it by Article 31(6) of the 1977 Order;”.
(3)
In regulation 3 (reduction of rates in respect of certain qualifying hereditaments) for “£10,000” in both places where it occurs there shall be substituted “£15,000”.
(4)
“7.
A hereditament which is shown in the NAV list as used solely for the purposes of a prescribed recreation.
8.
A hereditament which is shown in the NAV list as having part of its net annual value apportioned to a part or parts of the hereditament used solely for the purposes of a prescribed hereditament.
9.
A hereditament which is distinguished in the NAV list as occupied and used wholly or partly for industrial purposes or for transport purposes.”.
Sealed with the Official Seal of the Department of Finance and Personnel on 6th March 2013
The Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010, as amended, provide for rate relief for certain small business hereditaments for any rating year ending before 1st April 2015. These Regulations further amend those Regulations by—
raising the upper limit for the 20% relief category from £10,000 to £15,000; and
providing that there shall be no small business hereditament relief in respect of a hereditament where a ratepayer receives sport and recreation relief, industrial relief or freight transport relief in respect of it.