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Paragraph 8 Notional chargeable amount for former central list hereditament

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

(1)

The notional chargeable amount for a relevant year for a former central list hereditament shall be found by applying the formula—

(A-RF+SJ)×B
(2)

For the purposes of this paragraph—

A is the rateable value shown for 1 April 1995 in the central list for the split class of hereditaments in relation to the former class in which the former central list hereditament was included;

  • B is the non-domestic rating multiplier for the relevant year;

  • SJ is the total of the rateable values shown for 1 April 1995 in local non-domestic rating lists for all the former central list hereditaments included in the former class in relation to the split class of hereditaments; and

  • RF is the recalculation factor for the former class.