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The Rates (Maximum Capital Value) (Amendment) Regulations (Northern Ireland) 2009

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2009, ISBN 9780337976360

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before the Assembly under Article 61(2) of the Rates (Northern Ireland) Order 1977 for approval.

Rates

Made 2009

Coming into operation 1st April 2009

The Department of Finance and Personnelf1 makes the following Regulations in exercise of the powers conferred by Article 18(2) and (3) of the Rates (Northern Ireland) Order 1977f2.

Annotations to the whole text

Footnotes

f1

Formerly the Department of Finance; see S.I. 1982/338 (N.1. 6) Article 3

f2

S.I. 1977/2157 (N.I. 28): Article 18 was substituted by Article 6 of the Rates (Amendment) (Northern Ireland) Order 2006 (S.I. 2006/2954 (N.I. 18))

Contents

  1. 1Citation, commencement and interpretation
  2. 2Amendment of the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007
  3. Signature
  4. Explanatory note

1Citation, commencement and interpretation

(1)

These Regulations may be cited as the Rates (Maximum Capital Value) (Amendment) Regulations (Northern Ireland) 2009 and shall come into operation on the 1st April 2009.

(2)

In these Regulations “the 2007 Regulations” means the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007f1.

2Amendment of the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007

(1)

In regulation 2(1) of the 2007 Regulations, for “£500,000” substitute “£400,000”.

(2)

In regulation 2(3) of the 2007 Regulations, where “£250,000” occurs substitute “£200,000”.

(3)

In the formula within regulation 2(4) of the 2007 Regulations, where “£250,000” occurs substitute “£200,000”.

Signature

Sealed with the Official Seal of the Department of Finance and Personnel on

A senior officer of the Department of Finance and Personnel

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the maximum capital value set by the Rates (Maximum Capital Value) Regulations (Northern Ireland) 2007, changing it from £500,000 to £400,000. In the case of certain domestic properties which are distinguished in the capital value list as partly exempt from rates, these Regulations provide for amendments which will allow the maximum capital value to vary between £200,000 and £400,000 depending on the extent of the exemption (regulation 2).