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Paragraph 4 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 x D.

(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 local list following the alteration, and

  • D is the small business non-domestic rating multiplier for the relevant year.