Paragraph 4 Notional chargeable amount for merged central and local list hereditament

(1)

Where this Schedule applies, the notional chargeable amount for a relevant year for a merged hereditament shall be found by applying the formula—

A \times B

(2)

For the purposes of this paragraph —

(a)

A is the rateable value for the merged hereditament shown in the central list for 1 April 1995, and

(b)

B is the non-domestic rating multiplier for the relevant year.