PART 2Lands and heritages in the roll on 1 April 2023

Notional liability8.

The notional liability of any lands and heritages to which this Part applies on any day is to be calculated in accordance with the formula—

RV×PF365math

where—

RV is the rateable value of those lands and heritages on that day, and

PF is the poundage figure of —

  1. (a)

    0.559 where the lands and heritages have a rateable value exceeding £100,000,

  2. (b)

    0.545 where the lands and heritages have a rateable value exceeding £51,000 but not exceeding £100,000,

  3. (c)

    0.498 where the lands and heritages which have a rateable value of £51,000 or less.