- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
32.—(1) Regulation 33 applies to a defined class of hereditaments for a relevant day (the day concerned) if —
(a)as regards the class of hereditaments the day concerned is a chargeable day for which a chargeable amount would, but for these Regulations, fall to be determined under section 54 of the Act, and
(b)NCA is
(i)greater than BL and greater than (BL × AF), or
(ii)less than BL and less than (BL × AF).
(2) For the purposes of this regulation —
(a)NCA is the notional chargeable amount for the class of hereditaments for the relevant year within which the day concerned falls,
(b)BL is the base liability for the class of hereditaments for the relevant year within which the day concerned falls,
(c)AF is the appropriate fraction for the class of hereditaments for the relevant year within which the day concerned falls.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: