# The Rates (Amendment) (Northern Ireland) Order 2006, Paragraph 44


(1) Amend paragraph 4 of Schedule 8 (incidence of rates) as follows.
(2) In sub-paragraph (1)—
(a) for “if the rateable value is reduced” substitute “if the amount payable by way of rates is reduced in consequence of the alteration;
(b) for “if the rateable value is increased” substitute “if the amount payable by way of rates is increased in consequence of the alteration”;
(c) omit the words “at the rate in the pound current for the time being”.
(3) After sub-paragraph (1) insert the following sub-paragraph—
“(1A) For the purposes of sub-paragraph (1)(a) the rateable value of a hereditament is altered if—
(a) the rateable net annual value or the rateable capital value is altered;
(b) the hereditament becomes liable, or ceases to be liable, to be valued upon an estimate of its net annual value or its capital value.”.

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Source: https://www.legislation.gov.uk/ukdsi/2006/0110800524/schedule/2/paragraph/44 (the official version)
Page: https://openlegislation.uk/draft-rates-amendment-northern-ireland-order-2006/schedule-2/paragraph-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.