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Regulation 19 Mergers and reorganisations—amount payable as rates

Original text. Later amendments are not shown.

(1)

Where lands and heritages to which this Part applies are shown in a merged or reorganised entry, the amount payable as rates in respect of those lands and heritages and a day in the relevant year shall, subject to regulation 21 and Part IV below, be calculated in accordance with the formula—

TAL×RVTORV

where—

  • TAL is the total of the applicable liabilities in respect of each relevant old entry, ascertained in accordance with paragraph (2) below;

  • RV is the rateable value shown in the merged or reorganised entry; and

  • TORV is the total old rateable value, being the total of the rateable values shown in the relevant old entries.

(2)

For the purposes of paragraph (1) above, the applicable liability in respect of an old entry is—

(a)

where paragraph (a) or (b) of regulation 7 above applies in respect of the lands and heritages shown in that entry and the day immediately prior to the effective date of the merged or reorganised entry, the amount determined under the applicable paragraph (before application of Part IV below);

(b)

where this Part applies in respect of those lands and heritages and that day, the amount determined under this Part (before application of Part IV below); and

(c)

in any other case, the amount calculated in accordance with the formula—

RV×0.432366

where—

  • RV is the rateable value shown in the old entry.