{
  "url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1992/regulation-4",
  "json_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1992/regulation-4.json",
  "legislation": "uksi/1992/642",
  "legislation_title": "The Non-Domestic Rates (Levying) (Scotland) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1992",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Notional rateable value",
  "text": "(1) Subject to the following provisions of these Regulations, there shall be determined a notional rateable value for the prescribed financial year for any lands and heritages to which this regulation applies in any of the cases falling within paragraph (2) or (3).\n(2) In any case where the rateable value of any lands and heritages appearing in the valuation roll on 1st April 1990 is equal to or greater than the upper limit for those lands and heritages for the prescribed financial year, the notional rateable value for that financial year of those lands and heritages shall be that upper limit.\n(3) In any case where the rateable value of any lands and heritages appearing in the valuation roll on 1st April 1990 is equal to or lower than the lower limit for those lands and heritages for the prescribed financial year, the notional rateable value for that financial year of those lands and heritages shall be that lower limit.\n(4) The upper limit for any lands and heritages for the prescribed financial year shall be determined by multiplying the rateable value of those lands and heritages appearing in the valuation roll on 31st March 1990 by—\n(a) 2.323 in the case where the rateable value of those lands and heritages appearing in the valuation roll on 1st April 1990 is £10,000 or more; or\n(b) 2.045 in the case where the rateable value of those lands and heritages appearing in the valuation roll on 1st April 1990 is under £10,000.\n(5) The lower limit for any lands and heritages for the prescribed financial year shall be determined by multiplying the rateable value of those lands and heritages appearing in the valuation roll on 31st March 1990 by—\n(a) 0.931 in the case where the rateable value of those lands and heritages appearing in the valuation roll on 1st April 1990 is £10,000 or more; or\n(b) 0.782 in the case where the rateable value of those lands and heritages appearing in the valuation roll on 1st April 1990 is under £10,000.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/642/regulation/4",
    "retrieved_at": "2026-10-29T14:25:47.089211+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}