Regulation 5 Notional chargeable amount

(1)

Except where paragraph (2) applies, the NCA for a defined hereditament is the chargeable amount for 1 April 2026 calculated in accordance with section 43, 45^f1 or 54 of the Act as appropriate, multiplied by 365.

(2)

Where, for a day after 1 April 2026, the chargeable amount for a defined hereditament calculated in accordance with section 43, 45 or 54 of the Act is lower than the NCA, paragraph (1) has effect as regards the defined hereditament except that—

(a)

for “1 April 2026” substitute “the day on which the change to the chargeable amount has effect”, and

(b)

for “365” substitute “the number of days in the financial year within which that day falls”.

Annotations

Footnotes

f1: Section 45 was amended by section 139 of, and paragraph 23 of Schedule 5 to, the Local Government and Housing Act 1989 (c. 42), section 2(2) of, and Schedule 2 to, the Rating (Empty Properties) Act 2007 (c. 9), section 2(1) of the Non-Domestic Rating Act 2023 and section 15 of, and paragraph 1(4) of the Schedule to, the Non-Domestic Rating (Wales) Act 2024.