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Regulation 29 Base liability for defined class of hereditaments for years subsequent to 1995-96

Original text. Later amendments are not shown.

(1)

The base liability for a defined class of hereditaments for a relevant year beginning in 1996, 1997, 1998 or 1999 (the year concerned) shall be found by applying the formula—

(BL×AF)
(2)

For the purposes of this regulation —

(a)

BL is the base liability for the class of hereditaments for the relevant year immediately preceding the year concerned,

(b)

AF is the appropriate fraction for the class of hereditaments for the relevant year immediately preceding the year concerned.