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Regulation 7 Amount payable as rates

Original text. Later amendments are not shown.

Subject to regulation 9, the amount payable as rates in respect of any lands and heritages to which this Part applies, for any day in the relevant year, shall be calculated in accordance with the formula–

ARP=NL+(0.491×BTA)

where–

  • ARP is the amount of rates payable;

  • NL is the notional liability calculated in accordance with regulation 8; and

  • BTA is the base transitional adjustment, being the amount payable as rates in respect of those lands and heritages on 31st March 2007, less the notional liability in respect of those lands and heritages on 31st March 2007 calculated in accordance with the formula contained in regulation 8 of the 2006 Regulations.