Regulation 5 Relief granted in relation to the financial years beginning with 1 April 2016 and ending with 31 March 2024F4I1
Scotland
F1... F2In relation to any day in the financial years beginning with 1 April 2016 and ending with 31 March 2024, where the rateable value of lands and heritages falls within one of the ranges specified in the column headed “Rateable value” in the table below, the amount of rates payable is to be reduced by the percentage specified in the corresponding entry in the column headed “Percentage of rates relief”.
| Rateable value | Percentage of rates relief |
|---|---|
| £120,000 or less | 100% |
| More than £120,000 but not exceeding £240,000 | 50% |
| More than £240,000 but not exceeding £480,000 | 25% |
| More than £480,000 but not exceeding £1,200,000 | 10% |
| More than £1,200,000 but not exceeding £2,400,000 | 5% |
| More than £2,400,000 | 2.5% |
The amount of rate relief calculated under paragraph (1) is to be applied before the calculation of any other relief.
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Annotations
Textual amendments
- F1
Words in reg. 5(1) omitted (1.1.2021) by virtue of The Non-Domestic Rates (Restriction of Relief and Consequential Amendments) (Scotland) Regulations 2020 (S.S.I. 2020/391), regs. 1, 5(a)
- F2
Words in reg. 5(1) substituted (1.4.2024) by The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2024 (S.S.I. 2024/4), regs. 1, 10(4)(b)
- F3
Reg. 5(3) omitted (1.1.2021) by virtue of The Non-Domestic Rates (Restriction of Relief and Consequential Amendments) (Scotland) Regulations 2020 (S.S.I. 2020/391), regs. 1, 5(b)
- F4
Reg. 5 heading substituted (1.4.2024) by The Non-Domestic Rates (Levying and Miscellaneous Amendment) (Scotland) Regulations 2024 (S.S.I. 2024/4), regs. 1, 10(4)(a)