Amount and calculation of rebates4
1
Subject to paragraphs (2) and (3) below the amount of rebate shall be 25 per cent of the amount by which the amount payable in respect of rates levied on the lands and heritages for the financial year according to their revaluation rateable value exceeds the amount of rates which would have been payable in respect of the same lands and heritages for the financial year according to 3 times their pre-revaluation rateable value.
2
In calculating the amount payable in respect of rates levied on the lands and heritages for the financial year no account shall be taken of the provisions of section 9 of the Local Government (Scotland) Act 19752(restriction on rates payable when valuation appeal is pending).
3
The maximum amount of rebate in respect of any particular lands and heritages is £2,500.