Regulation 9 Base liability for 2027-28 and 2028-29

Subject to paragraph (2), the base liability for a defined hereditament for a relevant year beginning on 1st April 2027 or 1st April 2028 (“the year concerned”) is found by applying the formula—

$$\mathrm{BL}\times \mathrm{AF}$$

where—

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

• “AF” is the appropriate fraction, as found in accordance with regulation 10, for the relevant year immediately preceding the year concerned.

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