# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 1999, Paragraph 7: Changes in the value of new hereditament: year of creation


(1) Sub-paragraph (2) applies in respect of a new hereditament in a year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in the list for the hereditament is greater than that shown for the creation day.
(2) Where this sub-paragraph applies, paragraphs 3 to 6 shall have effect as regards the hereditament for the chargeable day as if the reference in those paragraphs to–
R×JS were a reference to–
R×JS+(N-J)×BC .
(3) Sub-paragraph (4) applies in respect of a new hereditament in a year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in the list for a hereditament is less than that shown in the list for the creation day.
(4) Where this sub-paragraph applies, paragraphs 3 to 6 shall have effect as if the reference in those paragraphs to–
R×JS were a reference to–
R×JS×NJ .
(5) For the purposes of sub-paragraphs (2) and (4)–
B is the non-domestic rating multiplier for the relevant year in which the creation day falls, or, where the hereditament is situated in the area of a special authority, the non-domestic rating multiplier of the special authority;
C is the number of days in the relevant year in which the creation day falls;
N is the rateable value shown for the new hereditament for the chargeable day in the list; and
R, J and S have the meanings given in paragraph 3, 4, 5 or 6, as the case may be.

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Source: https://www.legislation.gov.uk/ukdsi/1999/0110856066/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-1999/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.