Paragraph 3 Improvement rate reliefF1

(1)

This paragraph applies where—

(a)

the chargeable day falls within the period of one year beginning with the day on which qualifying improvement works are completed,

(b)

on the day concerned any conditions prescribed by the appropriate national authority in regulations are satisfied, and

(c)

the day concerned falls before 1 April 2029.

(2)

“Qualifying improvement works” has the meaning given by the appropriate national authority in regulations.

(3)

The appropriate national authority may by regulations—

(a)

amend paragraph (a) of sub-paragraph (1) to substitute a longer period for the period for the time being specified in that paragraph;

(b)

amend paragraph (c) of that sub-paragraph to substitute a later date for the date for the time being specified in that paragraph.

(4)

For the consequence of this paragraph applying, see the definitions of “A” and “G” in paragraph 10.

Annotations

F1: Sch. 4ZA inserted (1.4.2024 with effect in relation to financial years beginning on or after that date) by Non-Domestic Rating Act 2023 (c. 53), ss. 1(3), 19(2)(a)

C1: Sch. 4ZA applied (with modifications) (E.) (30.1.2026) by The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2026 (S.I. 2026/81), regs. 2(2), 16(3) (with reg. 4)