Regulation 9 Upper transitional limit

(1)

The upper transitional limit in respect of any lands and heritages and any day shall, subject to regulation 17 below, be calculated in accordance with the formula—

\frac{BL \times AUF}{366}

where—

BL is the base liability in respect of those lands and heritages, ascertained in accordance with regulations 11 to 16 below; and
AUF is the appropriate upper figure in respect of those lands and heritages, ascertained in accordance with paragraph (2) below.

(2)

The appropriate upper figure in respect of lands and heritages is—

(a)

1.124, where the lands and heritages have a rateable value of £10,000 or more on 1st April 1995;

(b)

1.073, where the lands and heritages are part residential subjects with a rateable value of less than £10,000 on that date; and

(c)

1.099, in any other case.