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

Draft 2009, ISBN 9780337976360

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).

Made under: Rates (Northern Ireland) Order 1977 (Article 18)

PDFs: Printed copy https://openlegislation.uk/draft-rates-maximum-capital-value-amendment-regulations-northern-ireland-2009/pdf/nidsr_9780337976360_en.pdf

## Introductory text

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 Personnel makes the following Regulations in exercise of the powers conferred by Article 18(2) and (3) of the Rates (Northern Ireland) Order 1977.

## 1 Citation, 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) 2007.

## 2 Amendment 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).

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Source: https://www.legislation.gov.uk/nidsr/2009/9780337976360 (the official version)
Page: https://openlegislation.uk/draft-rates-maximum-capital-value-amendment-regulations-northern-ireland-2009
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.