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Regulation 7 Base liability for years subsequent to 1995-96

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The base liability for a defined hereditament for the 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 hereditament for the relevant year immediately preceding the year concerned, and

(b)

AF is the appropriate fraction for the hereditament for the relevant year immediately preceding the year concerned.

(3)

Where Schedule 2 (splits and mergers) applies, paragraphs 9 and 10 of that Schedule apply for finding the base liability.