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Council tax and precepts for financial year beginning on the reorganisation date

6.—(1) Where an area which is part of an existing district and of a new district ceases, by virtue of the order, to be part of the existing district on the reorganisation date, the councillors for any ward of the existing district wholly comprised in that area shall not participate in the discharge of any of the functions of the council of that district under Chapter III of Part I of the Local Government Finance Act 1992(1) (setting of council tax) in connection with the financial year beginning on that date.

(2) Where, by virtue of the order, the functions of a county council in relation to a district are, on the reorganisation date, transferred to the council of the district, the councillors for any electoral division of the county wholly comprised in the district shall not participate in the discharge of any of the functions of the county council under Chapter IV of Part I of the Local Government Finance Act 1992 (precepts) in connection with the financial year beginning on that date.