OpenLegislation

Paragraph 3 Deductions from gross amount

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

The amount which is 25% of the difference between the amount calculated under paragraph 2 of this Schedule and the amount which would be so calculated if in respect of any relevant day any determination by the authority under section 47(1)(a) of the Act as regards a hereditament in relation to which the condition in section 47(2)(a) applies were taken into account.