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Regulation 14 Amount payable as rates

Original text. Later amendments are not shown.

Where the notional liability in respect of any lands and heritages to which this Part applies and a day in the relevant year is—

(a)

more than their upper transitional limit for that day (ascertained in accordance with regulation 16 below), the amount payable as rates in respect of those lands and heritages and that day shall, subject to Part V below, be that upper transitional limit;

(b)

less than their lower transitional limit for that day (ascertained in accordance with regulation 17 below), the amount so payable shall, subject to that Part, be that lower transitional limit.