Revocation and saving5.
(1)
Subject to paragraph (2), the Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 20096 are revoked.(2)
The Valuation for Rating (Decapitalisation Rate) Regulations (Northern Ireland) 20037 shall continue to have effect in relation to the ascertainment of the net annual value of any hereditament for the purpose of the valuation list which came into force on 1st April 2003.