SCHEDULESPLITS AND MERGERS

Rateable value: hereditament split or merged after 1st April 2023I110

1

This paragraph applies if the creation day falls on a day after 1st April 2023.

2

Subject to sub-paragraph (3) and ignoring any modifications made by regulation 16 (change in rateable value on 1st April 2023)—

a

regulation 10 (appropriate fraction);

b

regulation 13 (change in rateable value after 1st April 2023); and

c

regulation 15 (rules for determining chargeable amount: final relevant year),

have effect in relation to a new hereditament as if for references to 1st April 2023 there were substituted references to the creation day.

3

The modifications in sub-paragraph (2) do not apply in relation to the references to 1st April 2023 in regulation 10(2)(a), (4)(a), (6)(a) and (7)(a).