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Paragraph 4 Notional chargeable amount for split class of hereditaments

Original text. Later amendments are not shown.

(1)

The notional chargeable amount for a relevant year for a split class of hereditaments shall be found by applying the formula–

(A+SJ)×B

.

(2)

For the purposes of this paragraph–

  • A is the rateable value shown for the class of hereditaments for 1st April 2000 in the central list;

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

  • SJ is the total of the rateable values shown for 1st April 2000 in local non-domestic rating lists for all the former central list hereditaments included in the former class in relation to the split class of hereditaments.