# The Non-Domestic Rates (Levying) (Scotland) Regulations 1996, Regulation 16: Upper transitional limit


(1) Where the rateable value of any lands and heritages to which this Part applies is on any day in the relevant year greater than their notional rateable value (as specified in regulations 18 to 22 below), the upper transitional limit in respect of those lands and heritages and that day shall be calculated in accordance with the formula—
BL×AUF365+(RV-NRV)×0.449365
(2) Except in a case provided for in paragraph (1) above, the upper transitional limit in respect of any lands and heritages to which this Part applies and any day shall be calculated in accordance with the formula—
BL×AUF365×RVNRV
(3) In paragraphs (1) and (2) above—
BL is the base liability of the lands and heritages in question, as specified in regulations 18 to 22 below;
AUF has the same meaning as in regulation 9(1) above;
RV is the rateable value of those lands and heritages on the day in question; and
NRV is the notional rateable value of those lands and heritages, as specified in regulations 18 to 22 below.
NRV is the notional rateable value of those lands and heritages, as specified in regulations 18 to 22 below.

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Source: https://www.legislation.gov.uk/uksi/1996/103/regulation/16 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1996/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.