Paragraph 7 Notional chargeable amount for new hereditament: early relevant years

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

Where this paragraph applies, the relevant notional chargeable amount is found by applying the formula—

$$J\times D$$

where—

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

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