Paragraph 8 Base liability for the relevant year after the year in which the creation day falls

This paragraph applies for determining the base liability for a new hereditament for the relevant year which falls immediately after the year in which the creation day falls.

Where this paragraph applies, the base liability for the hereditament is found by applying the formula—

For the purposes of this paragraph—

• “T” is the amount (calculated in accordance with such of the preceding provisions of this Schedule as are applicable) which is or would have been the chargeable amount for the hereditament for the creation day if—

  1. (a)

     the whole of the hereditament were occupied;

  2. (b)

     sections 47 (discretionary relief) and 49(1) (reduction or remission of liability) of, and paragraphs 2 (charitable rate relief), 4 (small business rate relief), 6 (heat networks rate relief) and 8 (rural rate relief) of Schedule 4ZA to, the Act did not apply to it for the creation day; and

• “C” is the number of days in the relevant year in which the creation day falls.