{
  "url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1996/regulation-17",
  "json_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1996/regulation-17.json",
  "legislation": "uksi/1996/103",
  "legislation_title": "The Non-Domestic Rates (Levying) (Scotland) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1996",
  "path": "regulation/17",
  "kind": "regulation",
  "number": "17",
  "heading": "Lower transitional limit",
  "text": "(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 lower transitional limit in respect of those lands and heritages and that day shall be calculated in accordance with the formula—\nBL×ALF365+(RV-NRV)×0.449365\n(2) Except in a case provided for in paragraph (1) above, the lower 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—\nBL×ALF365×RVNRV\n(3) In paragraphs (1) and (2) above—\nBL, RV and NRV have the same meanings as in regulation 16(3) above; and\nALF has the same meaning as in regulation 10(1) above.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/103/regulation/17",
    "retrieved_at": "2026-10-29T12:54:11.248200+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}