Schedule SPLITS AND MERGERS

1. 1Cases where this Schedule applies
2. 2Rules for determination of chargeable amount for new hereditament: splits on 1st April 2026
3. 3Rules for determination of chargeable amount for new hereditament: mergers on 1st April 2026
4. 4Rules for determination of chargeable amount for new hereditament: splits after 1st April 2026
5. 5Rules for determination of chargeable amount for new hereditament: mergers after 1st April 2026
6. 6Changes in the value of new hereditament: relevant year of creation
7. 7Notional chargeable amount for new hereditament
8. 8Base liability for the relevant year after the year in which the creation day falls
9. 9Base liability for subsequent relevant years for new hereditament
10. 10Rateable value: hereditament split or merged after 1st April 2026