OpenLegislation

Paragraph 3 Altered hereditament—notional chargeable amount

Original text. Later amendments are not shown.

(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 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 is the non-domestic rating multiplier for the relevant year.