# The Non-Domestic Rates (Levying) (Scotland) Regulations 1997, 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 paragraph (3) 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)×0.458365
(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, being–
(a) £92,552, in respect of the lands and heritages referred to in regulation 13(a) above; and
(b) £2,821, in respect of the lands and heritages referred to in regulation 13(b) above;
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, being—
(a) £172,586, in respect of the lands and heritages referred to in regulation 13(a) above; and
(b) £6,264, in respect of the lands and heritages referred to in regulation 13(b) above.

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Source: https://www.legislation.gov.uk/uksi/1997/452/regulation/16 (the official version)
Page: https://openlegislation.uk/non-domestic-rates-levying-scotland-regulations-1997/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.