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Paragraph 8 Notional chargeable amount for new hereditament

Original text. Later amendments are not shown.

(1)

This paragraph applies for determining the notional chargeable amount for a new hereditament for a relevant year falling after the year in which the creation day falls.

(2)

Where this paragraph applies, the relevant notional chargeable amount for a hereditament shall be found by applying the formula J × B.

(3)

For the purposes of this paragraph–

  • J is the rateable value shown in the list for the new hereditament for the creation day, and

  • B is the non-domestic rating multiplier for the relevant year.