# The Non-Domestic Rating (Chargeable Amounts) Regulations 1994, Paragraph 7: Change in value of new hereditament: year of creation


(1) Sub-paragraph (2) applies in respect of a new hereditament in a year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in the list for the hereditament is greater than that shown for it for the creation day.
(2) Where this sub-paragraph applies, paragraphs 3 to 6 shall have effect as regards the hereditament for the chargeable day as if the reference in those paragraphs to
R×JS were a reference to—
(R×JS)+(N-J)×BC
(3) Sub-paragraph (4) applies in respect of a new hereditament in a year in which the creation day falls where for a chargeable day after the creation day the rateable value shown in the list for a hereditament is less than that shown for it for the creation day.
(4) Where this sub-paragraph applies, paragraphs 3 to 6 shall have effect as regards the hereditament for the chargeable day as if the reference in those paragraphs to
R×JS were a reference to—
(R×JS)+NJ
(5) For the purposes of the provisions substituted by sub-paragraphs (2) and (4) —
(a) B is the non-domestic rating multiplier for the relevant year in which the creation day falls, or, where the hereditament is situated in the area of a special authority, the non-domestic rating multiplier of the special authority;
(b) C is the number of days in the relevant year in which the creation day falls;
(c) N is the rateable value shown for the new hereditament for the chargeable day in the list; and
(d) R, J and S have the meanings given in paragraphs 3, 4, 5 or 6, as the case may be.

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Source: https://www.legislation.gov.uk/uksi/1994/3279/schedule/2/paragraph/7 (the official version)
Page: https://openlegislation.uk/non-domestic-rating-chargeable-amounts-regulations-1994/schedule-2/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.