Paragraph 31 I1

England and Wales

(1)

The Schedule (splits and mergers) is amended as follows.

(2)

In paragraph 2 (rules for determination of chargeable amount for new hereditament: splits on 1st April 2023), in sub-paragraph (1), omit “early”.

(3)

In paragraph 3 (rules for determination of chargeable amount for new hereditament: mergers on 1st April 2023), in sub-paragraph (1) omit “early”.

(4)

In paragraph 4 (rules for determining chargeable amount for new hereditament: splits after 1st April 2023 in an early relevant year)—

(a)

in the heading, omit “in an early relevant year”;

(b)

in sub-paragraph (1)—

(i)

in the words before paragraph (a), omit “early”;

(ii)

in paragraph (b), omit “and in an early relevant year”.

(5)

In paragraph 5 (rules for determining chargeable amount for new hereditament: mergers after 1st April 2023 in an early relevant year)—

(a)

in the heading, omit “in an early relevant year”;

(b)

in sub-paragraph (1)—

(i)

in the words before paragraph (a), omit “early”;

(ii)

in paragraph (b), omit “in an early relevant year”.

(6)

In paragraph 6 (changes in the value of new hereditament: early relevant year of creation)—

(a)

in the heading, omit “early”;

(b)

in sub-paragraphs (1) and (3), for “an early” substitute “a”.

(7)

In paragraph 7 (notional chargeable amount for new hereditament: early relevant years)—

(a)

in the heading, omit “: early relevant years”;

(b)

in sub-paragraph (1) for “an early” substitute “a”.

(8)

In paragraph 8 (base liability for the early relevant year after the year in which the creation day falls)—

(a)

in the heading, omit “early”;

(b)

in sub-paragraph (1), for “an early” substitute “the”.

(9)

In paragraph 9 (base liability for subsequent early relevant years for new hereditament)—

(a)

in the heading, omit “early”;

(b)

in sub-paragraph (1), omit “early”.

(10)

In paragraph 10 (rateable value: hereditament split or merged after 1st April 2023), in sub-paragraph (2)—

(a)

after paragraph (a) insert “and”;

(b)

omit paragraph (c) and the “and” preceding it.

Annotations

Commencement

I1: Sch. para. 31 in force at Royal Assent, see s. 19(1)(c)