Regulation 12 Appropriate former rateable value

(1)

The appropriate former rateable value of lands and heritages shall be ascertained in accordance with the following provisions of this regulation.

(2)

Where lands and heritages are shown in a merged entry taking effect on 1st April 1995, the appropriate former rateable value of those lands and heritages shall be the total of the rateable values shown in the relevant old entries.

(3)

Where lands and heritages are shown in a split or reorganised entry taking effect on 1st April 1995, the appropriate former rateable value of those lands and heritages shall be calculated in accordance with the formula—

\frac{RV}{1.2}

where—

RV is the rateable value of those lands and heritages on 1st April 1995.

(4)

In a case not covered by paragraph (2) or (3) above, the appropriate former rateable value of lands and heritages shall be their rateable value on 31st March 1995.

(5)

Any reference in—

(a)

paragraph (2) above to the rateable value shown in a relevant old entry; or

(b)

paragraph (4) above to the rateable value of lands and heritages on 31st March 1995,

shall, in the case of lands and heritages for which a notional rateable value determined under regulation 4 of the Non-Domestic Rates (Levying) (Scotland) Regulations 1993^f1 has effect as regards that date, be treated—

(i)

where the lands and heritages are not part residential subjects on that date, as a reference to that notional rateable value; and

(ii)

in any other case, as a reference to the notional rateable value apportioned to non-residential use under regulation 8(2) of those Regulations.

Annotations

Footnotes

f1: S.I. 1993/234.