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Part II
1. This Schedule applies to a hereditament (the “altered hereditament”) if —
(a)it comprises, wholly or mainly, any property which was the whole or part of —
(i)a hereditament shown in the list at any time in the period beginning on 1 April 1990 and ending on 31 March 1995; or
(ii)a hereditament which was, at any time, a defined hereditament;
and the hereditament of which the altered hereditament is so comprised is, in this Schedule, referred to as the “original hereditament”,
(b)the original hereditament was deleted from the list with effect from any day as a result of a structural alteration to that hereditament, and
(c)for a day on or after 1 April 1995 the altered hereditament is shown for the first time in the list following the alteration.
2.—(1) The base liability for the relevant year beginning in 1995 for an altered hereditament shall be found by applying the formula
Y × Z
where
Y is the amount mentioned in sub-paragraph (2), and
Z is the non-domestic rating multiplier for the financial year beginning in 1994.
(2) The amount mentioned in this sub-paragraph is the value certified by the appropriate valuation officer to be the rateable value which would have been shown in the list for the hereditament for 31 March 1995 under paragraph 2(6) of Schedule 6 to the 1988 Act on the assumption that —
(a)the hereditament had come into existence on 31 March 1995, and
(b)the matters referred to in paragraph 2(7) of that Schedule as respects the hereditament were as they were assumed to be on the day on which it was shown for the first time in the list as mentioned in paragraph 1(c) of this Schedule.
3.—(1) The notional chargeable amount for a relevant year for an altered hereditament shall be found by applying the formula
A × B
.
(2) For the purposes of this paragraph —
(a)A is the rateable value shown for the hereditament for the day for which it is shown for the first time in the list following its alteration, and
(b)B is the non-domestic rating multiplier for the relevant year.
4. Regulation 9 shall have effect in relation to an altered hereditament as if regulation 9(1)(b)(i) were omitted.
5. Where this Schedule applies, regulation 8 (appropriate fraction), regulation 11 (change in rateable value after 1 April 1995), regulation 12 (special authorities: special cases) and regulation 13 (special authorities: change in rateable value after 1 April 1995) apply in relation to an altered hereditament as if, for references to 1 April 1995, there were substituted references to the day for which the altered hereditament is shown for the first time in the list following its alteration.
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