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Regulation 8 Base liability for years subsequent to 2005–06

Original text. Later amendments are not shown.

(1)

Subject to paragraph (2), the base liability for a defined hereditament for a relevant year (the year concerned) beginning after the first relevant year of the relevant period shall be found by applying the formula—

BL×AF,

where—

  • BL is the base liability for the hereditament for the relevant year immediately preceding the year concerned, and

  • AF is the appropriate fraction for the hereditament for the relevant year immediately preceding the year concerned.

(2)

For a hereditament to which Schedule 2 (splits and mergers) applies, paragraphs 8 and 9 of that Schedule shall apply for finding the base liability.