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Regulation 4 Amount payable as rates – lands and heritages with rateable value of more than £35,000

Original text. Later amendments are not shown.

(1)

This regulation applies to lands and heritages on any day in the relevant year when they have a rateable value exceeding £35,000.

(2)

The additional amount payable as rates under these Regulations in respect of lands and heritages for a day in the relevant year on which this regulation applies to them shall be calculated in accordance with the formula—

AARP= (RV x S) D

where—

  • AARP is the additional amount of rates payable;

  • RV is the rateable value of the lands and heritages on that day;

  • S is the additional factor of 0.008; and

  • D is the number of days in the relevant year.