# The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2026, Paragraph 6: Changes in the value of new hereditament: relevant year of creation


(1) Sub-paragraph (2) applies in respect of a new hereditament in a relevant year in which the creation day falls where for a chargeable day after the creation day the value of A for the hereditament is greater than the value of A for the creation day.
(2) Where this sub-paragraph applies, paragraphs 2 to 5 have effect as regards the hereditament for the chargeable day as if the reference in those paragraphs to—
R × J S were a reference to—
R × J S + N - J × ( M + R S ) C
(3) Sub-paragraph (4) applies in respect of a new hereditament in a relevant year in which the creation day falls where for a chargeable day after the creation day the value of A for the hereditament is less than the value of A for the creation day.
(4) Where this sub-paragraph applies, paragraphs 2 to 5 have effect as if the reference in those paragraphs to—
R × J S were a reference to—
R × J × N S × J
(5) For the purposes of sub-paragraphs (2) and (4)—
“C” is the number of days in the relevant year in which the creation day falls;
“M” is in relation to the chargeable day;
“N” is the value of A for the new hereditament for the chargeable day;
“R”, “J” and “S” have the same meanings given by paragraph 2, 3, 4 or 5; and
“RS”—
(a) in relation to the relevant year beginning on 1st April 2026, is 0.01;
(b) in relation to the relevant years beginning on 1st April 2027 or 2028, is zero.

---
Source: https://www.legislation.gov.uk/ukdsi/2026/9780348277562/schedule/paragraph/6 (the official version)
Page: https://openlegislation.uk/draft-non-domestic-rating-chargeable-amounts-england-regulations-2026/schedule/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.