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Regulation 11 Mergers and reorganisations – amount payable as rates

Original text. Later amendments are not shown.

(1)

Subject to regulation 13 and Parts IV to VI, where lands and heritages to which this Part applies are shown in a merged or reorganised entry, the amount payable as rates in respect of those lands and heritages for a day in the relevant year shall be calculated in accordance with the formula–

TAL×RVTORV

where–

  • TAL is the total of the applicable liabilities in respect of each relevant old entry, ascertained in accordance with paragraph (2);

  • RV is the rateable value shown in the merged or reorganised entry; and

  • TORV is the total old rateable value, being the total of the rateable values shown in the relevant old entries.

(2)

For the purpose of paragraph (1), the applicable liability in respect of an old entry is–

(a)

where regulation 7 applies in respect of the lands and heritages shown in that entry for the day immediately before the effective day of the merged or reorganised entry, the amount determined thereunder (before application of Parts IV to VI);

(b)

where this Part applies in respect of those lands and heritages for that day, the amount determined under this Part (before application of Parts IV to VI); and

(c)

in any other case, the amount calculated in accordance with the formula–

RV×PF366

where–

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

  • PF has the same meaning as in regulation 9(1).