OpenLegislation

Article 4 Rateable value

Original text. Later amendments are not shown.

For the purposes of section 6(1) of the 1975 Act and in respect of the financial years 1993-94 and 1994-95, the rateable value of any lands and heritages which fall within the prescribed class of lands and heritages shall be ascertained in accordance with the formula—

£1500+(C×D)

where—

  • C is the amount calculated in accordance with the entry in column 2 of the Schedule to this Order which appears opposite the range of amounts in column 1 of that Schedule within which falls the applicable gate receipts for the ground constituting, or forming part of, the lands and heritages in question; and

  • D is—

    1. (a)

      where C is no greater than £50,000, 1.75;

    2. (b)

      where C is greater than £50,000 and no greater than £75,000, 2;

    3. (c)

      where C is greater than £75,000 and no greater than £100,000, 2.25;

    4. (d)

      where C is greater than £100,000 and no greater than £125,000, 2.5; and

    5. (e)

      where C is greater than £125,000, 2.75.