# The Local Government Changes for England (Council Tax) (Transitional Reduction) Regulations 1997, Paragraph 2


Subject to paragraph 3 below, the deductible amount in a case where section 11 of the 1992 Act applies is calculated by applying the following formula—
(C-U)×V×(1-Z)W=X where—
C, U, V, W and X have the same meanings as in paragraph 1 above, and
Z is the appropriate percentage for the purposes of section 11(1) of the 1992 Act, expressed as a fraction, or, in a case to which subsection (2) of that section applies, twice the appropriate percentage, expressed as a fraction.

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Source: https://www.legislation.gov.uk/uksi/1997/215/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/local-government-changes-for-england-council-tax-transitional-reduction-regulations-1997/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.