OpenLegislation

Regulation 13 Splits – amount payable as rates

Original text. Later amendments are not shown.

Where lands and heritages to which this Part applies are shown in a split entry, the amount payable as rates in respect of those lands and heritages and a day in the relevant year shall, subject to regulation 14 and Part V below, be calculated in accordance with the formula–

AD×RVORV

where–

  • AD is the amount determined under regulation 7 above, or as the case may be this Part (before application of Part V below) in respect of the lands and heritages shown in the relevant old entry and the day immediately prior to the effective date of the split entry;

  • RV is the rateable value shown in the split entry; and

  • ORV is the old rateable value, being the rateable value shown in the relevant old entry.